Over 7,000 Jobs Cut as Freight Sector Faces Major Restructuring
More than 7,000 jobs are being eliminated across U.S. freight and logistics sectors in a new wave of layoffs and facility closures led by companies like Tyson Foods, Essendant, FedEx, Ryder, CJ Logistics America, Saddle Creek Corp., and Daimler Truck. The largest single layoff comes from Tyson Foods, which is cutting over 3,000 jobs as it shifts beef operations to other states due to a historic cattle shortage. Essendant plans to cut more than 1,200 positions across six U.S. states while seeking additional capital or buyers and faces the risk of liquidation if financing cannot be secured by October. Other affected companies include FedEx, which is eliminating jobs in California as part of its Network 2.0 restructuring; Ryder closing an operation in North Carolina; CJ Logistics America shutting down a Pennsylvania warehouse; Saddle Creek Corp. cutting Florida-based roles; and Daimler Truck relocating truck manufacturing from Oregon to the Carolinas. The layoffs are part of broader industry-wide restructuring efforts affecting transportation, warehousing, fulfillment, and manufacturing operations across 15+ states.
Topics: CJ Logistics America Daimler Truck Essendant FedEx Freight Sector Ryder Tyson Foods