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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrucking industry giant blames Trump tariffs in layoff of hundreds of workers
Heavy-duty truck orders continue to be negatively affected by market uncertainty about freight rates and demand, possible regulatory changes, and the impact of tariffs, spokesperson Kimberly Pupillo said.
Today we informed our employees that this unfortunately means well have to lay off 250-350 people at LVO over the next 90 days, Pupillo said. We regret having to take this action, but we need to align production with reduced demand for our vehicles.
Union leaders announced the company had confirmed layoffs Thursday afternoon. The plant in Macungie employs around 1,200 workers.
Due to the market being in decline, there will be a rate and line reduction. I have heard all the same rumors you guys have heard. This is the first time I have an official word from the company that there will be a layoff, United Auto Workers Local 677 shop chair Tim Hertzog said in a letter posted on the unions Facebook page Thursday.
https://www.alternet.org/mack-truck-layoffs/
MyOwnPeace
(17,611 posts)are impressed with their favorite pretend truck driver now
wolfie001
(7,975 posts)msongs
(74,207 posts)sop
(19,352 posts)"In its latest Beige Book, the Fed noted manufacturing activity has flattened in most areas of the country despite improvements in the supply chain, slowing the demand for trucking in April and early May compared to last year."
"Trucking firms reported a sharp decline in freight volume this period with excess capacity in the system. Respondents indicated that there was a freight recession, and it was more difficult to find loads. Weakness in demand was primarily in consumer and industrial segments.
"Does this make trucking a bellwether for the rest of the economy?...Lauren Mendoza, CEO of Bank Standard, which funds trucking companies, told The Food Institute trucking often mirrors the health of the economy...Ed Burns of Burns Logistics said trucking often is three to six months ahead of the general economy."
https://foodinstitute.com/focus/is-the-trucking-demand-slowdown-a-bellwether-for-the-economy/
questionseverything
(11,986 posts)I do agree with your article about trucking being like an advance warning system
Overall we are just so screwed 🤷♀️
democratsruletheday
(1,922 posts)in voting for the FOF (Fat Orange Fuck).....tots and pears truckers, tots and pears
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