A penny stock wiped $4.8B off C.H. Robinson's market cap yesterday. Plus: self-driving trucks are now running 1,000 miles nonstop, STG Logistics cleared a major bankruptcy hurdle, the FMCSA revoked nine ELDs, and more.
For a long time, secure parking lived in the “nice-to-have” bucket. That framing no longer works. In today’s environment, secure parking functions as a preventative security layer.
Here’s what’s trending across freight and logistics on X, LinkedIn, Reddit, and YouTube.
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
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