Integration of #1-rated owner-operator load board and #1-rated TMS software expands services for brokers and carriers.
Tornadoes have swept through states like Michigan, damaging facilities like a FedEx depot in Portage. Plus, a major storm continues to unleash rain, snow, and wind across Montana.
With U.S. - Mexico trade surpassing $200 billion in Q1 2024, Cargado is seizing the opportunity to help brokers and shippers deal with the nitty-gritty of cross-border logistics.
Lion Electric cuts 10% of its workforce amid industry-wide layoffs due to slow EV demand and economic challenges.
Lion Electric, a Canada-based EV startup, is laying off 150 employees, about 10% of its workforce, across various departments in Canada and the U.S. to streamline costs and advance towards profitability. This comes despite the company's recent capital raise of $142 million and the opening of a major U.S. manufacturing plant in Joliet, Illinois, projected to produce 20,000 electric trucks and buses annually. The cutbacks reflect broader industry trends, with companies like LG Energy Solution and Our Next Energy also announcing layoffs amid slower EV demand and economic uncertainties.
Source: Trucking Dive
Canada’s @LionElectricCo lays off 10% of its workforce. By @kginalex #trucks #trucking #electricvehicles #layoffs https://t.co/Qkjj1BGB1c
— Transport Topics (@TransportTopics) November 30, 2023
Source: Transport Topics
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Molson Coors, recognized as 2023's Shipper of Choice, excels in supply chain management, shipping 13M barrels of beverages annually.
Tornado damages Pfizer plant in North Carolina, affecting 50,000 pallets of medication and potentially impacting nationwide supply.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
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