Plus, Flexport announces more layoffs, Hurricane Helene continues to disrupt key lanes, and experts predict truckload carrier rate increase for 2025.
Ari Levy reflects on Coyote Logistics 18-year run as RXO completes the acquisition.
Plus, Carrier411 bans the removal of FreightGuards.
Convoy adjusts staffing levels in response to market conditions, underscoring the challenges and resilience in the logistics sector.
The Seattle-based trucking marketplace Convoy has conducted another round of layoffs, marking its fourth within a year. The reduction has mainly affected the company's customer-experience operations team, originally beefed up in anticipation of a freight market rebound. However, the lagging rebound and efficiencies gained from their new service model prompted the company to adjust staffing levels.
Despite this setback, Convoy, co-founded by Amazon veterans Dan Lewis and Grant Goodale, remains one of Seattle's most valued private startups, demonstrating the resilience and adaptability required to navigate the fluctuating freight market.
The slowdown in cargo demand and emphasis on extending runways also led to layoffs in the freight business, including DHL, GXO Logistics, U.S. Xpress, and Convoy.
— INSIDE.COM (@inside) June 8, 2023
Now, here's a reason for optimism🤞 in truck freight:
3/5
Here are 10 freight broker sales tips from some of the top minds in our industry.
Ken Oaks, the man behind TQL, is now the richest man in Cincinnati with a net worth of $980M.
Today’s story covers our day with industry legends Kevin Nolan (Founder of Nolan Transportation Group) and Andrew Silver (Co-Founder of MoLo Solutions).
Freight markets show slow recovery signs, but challenges persist. Dive into the latest tonnage, load-to-truck ratios, and order data shaping the trucking industry.
Join over 11K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
