Spot-market rates have crashed in 2019, while contract market rates haven't seen the same dip.īut these layoffs from Swift Logistics suggest again that the trucking industry's contraction is affecting large companies too. Luis Sinco/Los Angeles Times via Getty Images "The existing hardworking employees supporting the current operation are being supported by Swift and the incoming managing partner throughout the period of this transition, and are openly working with the new warehouse manager to continue their tenure at the facility," Rachel Monti, chief human-resources officer told Business Insider in an emailed statement. While the letter said the warehouse would be closed and the employees would be laid off, Swift said it will transfer ownership of the warehouse to one of its customers, who will hire back the majority of those employees. It said in a letter to Pennsylvania's Department of Labor and Industry on Wednesday that it would close its warehouse in the town of York, effective December 31, and that all 56 employees there would be laid off permanently.Īfter this article was published, Swift Transportation responded to Business Insider's previous request for comment with clarification on the warehouse facility. Swift Logistics, a brokerage and asset-based logistics provider, announced layoffs this week. Account icon An icon in the shape of a person's head and shoulders.
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