Freight Distress Report: More Than 7,000 Jobs Cut in New Wave of Closures

3-line summary

• More than 7,000 jobs have been affected by recently announced workforce reductions across U.S. freight, distribution and manufacturing networks, involving companies including Tyson Foods, FedEx, Ryder, CJ Logistics America and Daimler Truck, according to a Yahoo Finance report.
• Tyson Foods is eliminating more than 3,000 jobs by closing facilities in Joslin, Illinois, and Eagle Mountain, Utah, citing a historic cattle shortage, while wholesale distributor Essendant warned of cuts affecting more than 1,200 employees across six states as it seeks capital or a buyer.

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