Four companies are cutting almost 250 jobs at logistics and distribution facilities in New Jersey, North Carolina, Illinois and California — while nine trucking, freight and logistics-related businesses have filed for bankruptcy protection in recent weeks. The wave of closures and filings points to persistent financial strain across trucking, warehousing, freight forwarding and trailer manufacturing.

Layoffs Hit Four Facilities

The biggest cut comes from Fusion Transport LLC, a New Jersey freight, warehousing and e-commerce fulfillment provider, which is laying off 79 workers at its Piscataway facility effective October 1. It’s not yet clear if the facility will close for good.

Other facilities affected:

That’s 248 jobs gone across four companies.

Bankruptcies Span the Freight Economy

Nine companies tied to freight and logistics have recently sought bankruptcy protection:

The Bigger Picture

From owner-operators with a couple of trucks to regional intermodal fleets and national logistics providers, the distress is hitting every corner of freight — a sign that cost pressure and thin margins are still squeezing the industry hard.

Source: FreightWaves


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