Freight Distress Report: Carrier, logistics closures erase over 245 jobs

Four companies are eliminating astir 250 jobs astatine logistics and organisation facilities crossed New Jersey, North Carolina, Illinois and California, portion 9 transportation- and logistics-related companies person precocious sought bankruptcy protection.

The latest bankruptcy filings and layoff notices item continued fiscal accent crossed trucking, freight forwarding, warehousing, trailer manufacturing and proviso concatenation services.

The largest announced workforce simplification involves Fusion Transport LLC, a New Jersey logistics supplier that plans to laic disconnected 79 employees astatine its Piscataway installation effectual Oct. 1, according to a Worker Adjustment and Retraining Notification filed with the state.

Fusion Transport provides freight management, warehousing, e-commerce fulfillment and retail consolidation services.

It was not instantly wide whether the Piscataway installation volition adjacent permanently aft the layoffs.

More trucking bankruptcies look

Several further trucking and logistics companies besides entered bankruptcy proceedings implicit the past 2 weeks, underscoring the breadth of fiscal unit facing smaller freight operators.

Jackson and Son Hauling LLC, an FMCSA-registered centrifugal bearer based successful Ruther Glen, Virginia, filed for Chapter 7 bankruptcy extortion connected July 13 successful the U.S. Bankruptcy Court for the Eastern District of Virginia. According to the filing, the bearer operated 2 trucks and employed 2 drivers astatine the clip of the petition.

Victory Freight Corp., a San Bernardino, California-based trucking company, filed for Chapter 7 bankruptcy connected July 2 successful the Central District of California. Court records bespeak the bearer cited a multimillion-dollar ineligible assertion arsenic 1 of its superior liabilities arsenic it moves to liquidate its assets.

IPS Express Logistics Inc., a proscription and proviso concatenation institution based successful San Leandro, California, besides filed for Chapter 7 bankruptcy extortion successful the U.S. Bankruptcy Court for the Central District of California.

Meanwhile, Talon Logistics Inc., a Woodland Hills, California-based drayage and intermodal carrier, filed for Chapter 11 extortion connected June 29. Bankruptcy records bespeak the institution operates astir 40 to 50 powerfulness units and has invested heavy successful zero-emission equipment, including electrical and hydrogen-powered trucks serving the Los Angeles market.

The further filings suggest that fiscal challenges proceed to impact carriers crossed aggregate segments of the freight economy, from tiny owner-operated trucking companies to determination intermodal fleets and specialized logistics providers.