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Coyote Logistics introduces "voluntary separation" program for high-level employees, marking its fourth staff reduction in 2023.
Coyote Logistics targets senior managers and directors in its latest effort to trim its workforce during the freight market downturn.
Key Points:
This initiative is part of Coyote's broader optimization strategy, with affected employees getting the chance to accept voluntary separation packages. While it’s a fully voluntary program, there's a hint that those who opt not to leave might face eventual layoffs.
Source: FreightWaves
Freight brokers face Q4 turbulence with tariffs, the end of de minimis, an 80% USPS traffic collapse, and a proposed $85B rail merger.
Miami-based STT Logistics Group celebrates 10 years as a leading heavy-haul broker, with thousands of 5-star reviews and AI tech to combat cargo theft.
A&A’s Top 10 3PLs reflect a sector balancing soft freight demand, tariff trends, and urban logistics hurdles.
C.H. Robinson’s credit rating upgrade by S&P Global highlights how cost-cutting, debt repayment, and efficiency gains are reshaping the 3PL’s financial outlook during a difficult freight recession.
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