Trucking and logistics companies are seeing a massive downturn. FreightWaves has reported on the biggest shutdowns and layoffs since 2022. The post Layoffs and bankruptcies pile up in logistics amid shocking downturn appeared first on FreightWaves.
In September, Sunset Logistics closed. Former employees, like Whetstone, say it happened without notice and the company never issued their last paychecks or reimbursements for money held in escrow.
Truckers: Shuttered Sunset Logistics still owes final paychecks, escrow freightwaves.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freightwaves.com Daily Mail and Mail on Sunday newspapers.
A Q3 shipper survey by Morgan Stanley suggests the freight industry has moved “deeper into limbo” as completion of an excess inventory purge now leads to uncertainty as there is no immediate need to restock. The post Loaded and Rolling: Morgan Stanley sees freight industry move ‘deeper into limbo’ appeared first on FreightWaves.