In brief: layoffs and shutdowns in the transportation industry

10 Roads, FedEx and Bollinger Motors announce shutdowns. The trucking industry is reeling. 10 Roads announces shutdown and end of USPS operations 10 Roads, one of the largest mail haulers in the United States, announced Monday that over the next 60 days it will wind down its operations and cease providing services to the U.S. […]
Nissan to cut 20,000 jobs and shut down plants after posting historic losses

Following a net annual loss of $4.5 billion, Nissan has announced its most significant restructuring in decades. The company will shut down seven factories, reduce production capacity, and lay off 20,000 employees worldwide as it scrambles to recover from its worst crisis since the late 1990s. Japanese automaker Nissan Motor Co. reported a net loss […]