Freight Closures Erase 245 Jobs, BulkLoads Buys Livestock Network, & Driver Pay Index Surges | The Morning Minute
In this episode, we kick things off with a sobering snapshot of the freight industry's ongoing financial pain. Four companies are eliminating nearly 250 jobs at logistics and distribution facilities across New Jersey, North Carolina, Illinois, and California, while nine transportation and logistics-related companies have recently sought bankruptcy protection. The largest announced workforce reduction involves Fusion Transport, a New Jersey logistics provider planning to lay off seventy-nine employees at its Piscataway facility effective October first, while bankruptcy filings continue to…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.