freight
Founding CEO Clarifies Massive Flexport Layoffs
The layoffs give the company wiggle room to become profitable without raising prices, Ryan Petersen told…
New Flexport Layoffs Trim 30% in Fresh Round of Job Cuts
Last month, former CEO Dave Clark said half of his team was let go with "the most brutal nonseverance…
What Dave Clark’s Exit Could Mean for Flexport
With the former CEO's departure, the future of the logistics firm's non-core businesses remains in flux.
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‘It’s a Shipper’s Market This Peak Season’, Expert Says
"Prices are low and this offers a great opportunity for exporters this peak season," said Christian Roeloffs…
Class-Action Lawsuit New Headache for Yellow
An employee sued Yellow for terminating 30,000 former staff without proper advance notice. But that's not the…
UPS Contract Wins Local Union Approval, Ratification Vote Remains
Meanwhile, Teamsters employees at less-than-truckload firm TForce Freight officially ratified a new national…
Bankrupt Yellow Shutting Down: Report
Bloomberg's Lee Klaskow says less-than-truckload firms are well positioned to pick up Yellow's slack, and…
Is Yellow’s 3PL Selloff Too Little, Too Late?
"I don't see how Yellow survives this, I really don't," said Michigan State's interim supply chain management…
Report: Yellow is Preparing to File for Bankruptcy
Investment banking firm Stephens pointed to alarming trends with the less-than-truckload giant's daily…
Freightos Layoffs Reflect ‘Persistently Weak’ Freight Market
The freight booking company is cutting 13 percent of its staff to control costs and boost profits.
Yellow Sees ‘Freight Diversions’ Amid Cash Crunch: Cowen
The trucking company might have gotten a second wind ahead of a possible bankruptcy, but shippers may be…
Why the Supply Chain is Setting Up a Buyer’s Market to End 2023
For the first time since June 2020, global supply chain capacity is now underutilized, the GEP Global Supply…
Ross COO: ‘Shrink Was a Little Bit Higher for Us Last Year’
Cosmetics and accessories were the retailer's strongest Q1 categories, showing that inflation-wary consumers…
Layoffs at C.H. Robinson, TuSimple Signal ‘Oversupplied’ Freight Market
Both companies will cut about 300 jobs each, with C.H. Robinson expecting to shed $100 million in personnel…
Pivoting in the Wake of Ongoing Supply Chain Disruptions
Whether by diversifying routes or rethinking logistics partnerships, Dow and Sleep Number are revisiting…