#capacity-reduction
(9 articles)Maersk Suspends Transpacific TPX Service Ahead of Golden Week
Maersk has announced the suspension of its standalone transpacific TPX extra loader service, with the final sailing scheduled for September 29, 2024, from Vung Tau, Vietnam. The suspension comes strat
Kuroneko Cargo Air Service Ending 2027: Impact on Japan Logistics
Japan Airlines and Yamato Transport announced the termination of the Kuroneko Cargo Aircraft Service, with operations ceasing in June 2027. This marks a significant consolidation in Japan's domestic a
Sapporo USA closes brewing facilities, lays off 220 workers
Sapporo USA is consolidating its North American brewing operations by closing craft brewing facilities and laying off 220 employees following the sale of Stone Brewing earlier this year. This represen
MSC Blanks Transpacific Sailings for Golden Week Slowdown
MSC, one of the world's largest container shipping lines, has announced the blanking of two sailings on its Asia-to-USA west coast service in response to anticipated demand weakness surrounding China'
ArcBest Closes 10 ABF Freight Sites, Cuts 2% of Workforce
ArcBest, a major North American transportation and logistics provider, is consolidating operations by closing 10 ABF Freight service centers and reducing its workforce by 2%. This restructuring repres
Heartland Express Returns to Profit via Asset Sales Strategy
Heartland Express reported Q2 net income of $10.6 million (14 cents per share), a sharp turnaround from a 14-cent loss in the year-ago period, but the recovery was almost entirely attributable to a $2
Amazon Closes Florida Facility, Cutting 500 Jobs by September
Amazon announced the closure of its Port St. Lucie, Florida distribution facility, with operations ceasing on September 17 and employee separations beginning the same day. The facility represents a me
Cargolux Cancels Dubai Freighter Restart Plans
Cargolux, a major Luxembourg-based cargo airline, has reversed its strategy to restart freighter operations on the Dubai route, signaling continued caution in the air cargo market despite recent deman
Carrier Closures Eliminate 245+ Jobs in Freight Sector
A wave of carrier and logistics company closures has resulted in the elimination of more than 245 jobs across the freight industry, signaling continued distress in the transportation sector. These clo