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The biggest freight brokerage layoffs and bankruptcies in 2023
- Freight brokerages typically can stay afloat during trucking recessions. But the ongoing, severe downturn has slammed third-party logistics companies. The post The biggest freight brokerage layoffs and bankruptcies in 2023 appeared first on FreightWaves.
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Railroad strike would be 'devastating for the economy’: Flexport CEO
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- BusinessFreightWaves
Flexport acquires Convoy technology stack for undisclosed sum
Flexport’s acquisition comes weeks after the venture-funded trucking startup closed down. Convoy has some 400,000 truck drivers in its network. The post Flexport acquires Convoy technology stack for undisclosed sum appeared first on FreightWaves.
- BusinessSourcing Journal
Flexport Could Scoop Up Convoy’s Tech
While Convoy would complement Flexport, the freight tech market has fallen on hard times.
- BusinessTechCrunch
Cruise hits the brakes on driverless, UAW makes progress and more EV backpedaling
It was an absolutely wild week on the robotaxi front, and more specifically for GM's self-driving car subsidiary Cruise. The week started off with the California Department of Motor Vehicles suspending Cruise's driverless and deployment permits (with the California Public Utilities Commission following shortly after), effectively ending the company's robotaxi operations in San Francisco just months after receiving the last necessary permit to commercialize its operations. Two days later, Cruis
- BusinessTechCrunch
Flexport kicks off restructuring with layoffs
Flexport founder Ryan Petersen said in September — in the wake of his hand-picked CEO's sudden departure — that the logistics company needed to get its house in order. It started with Petersen rescinding dozens of employment offers and looking to lease out the company’s office space as it looks to get costs under control. The layoffs, which began October 13, are the latest drama to ripple through the company since Dave Clark resigned as CEO last month and Petersen, once again, reclaimed the to
- BusinessSourcing Journal
Founding CEO Clarifies Massive Flexport Layoffs
The layoffs give the company wiggle room to become profitable without raising prices, Ryan Petersen told staff.
- BusinessFreightWaves
Flexport CEO Petersen overhauls top management
Flexport has elevated a new management team after getting rid of CEO Dave Clark last month. The post Flexport CEO Petersen overhauls top management appeared first on FreightWaves.
- BusinessFreightWaves
Flexport lays off 600 workers amid difficult freight market
Logistics provider Flexport is moving ahead with a second round of layoffs this year. The post Flexport lays off 600 workers amid difficult freight market appeared first on FreightWaves.
- BusinessCNN Business
Flexport to cut 20% of staff one month after CEO shakeup
Supply chain management company Flexport said it plans to lay off 20% of its workforce on Friday, just one month after a messy CEO transition that played out, in part, on social media.
- BusinessSourcing Journal
New Flexport Layoffs Trim 30% in Fresh Round of Job Cuts
Last month, former CEO Dave Clark said half of his team was let go with "the most brutal nonseverance packages I’ve ever seen."
- BusinessFreightWaves
Flexport cutting workforce by about 950 employees
International freight forwarder Flexport is undertaking a second round of mass layoffs this year. The post Flexport cutting workforce by about 950 employees appeared first on FreightWaves.
