Global logistics provider Neovia cutting nearly 100 jobs in Pennsylvania

Global 3PL Neovia Logistics Expert services not long ago declared programs to slash approximately 100 positions at one particular of its amenities in Pennsylvania on July 29.

In accordance to a Worker Adjustment and Retraining Notification (Alert) Act detect posted on the Pennsylvania Section of Labor’s web site, the 98 long-lasting layoffs will occur at its Tannersville facility. 

As of publication time, Stephen Boone, communications director for Neovia, had not responded to FreightWaves’ request searching for remark about the layoffs.

Worldwide, Neovia, headquartered in Irving, Texas, operates a lot more than 100 services in 20 international locations, serving the automotive, industrial, aerospace and buyer goods sectors, according to its web-site. 

Neovia was launched as Caterpillar Logistics Expert services in 1987 to deliver guidance to Caterpillar Intercontinental and its spouse companies before turning out to be a stand-alone company in 2012.

While it is unclear what led to the layoffs in Pennsylvania, the transportation business is intently monitoring worldwide financial problems as freight is slowing and fees are dropping, according to Craig Fuller, CEO of FreightWaves.

FreightWaves described on Friday that digital freight startup Convoy is slicing 7% of its workforce in an energy to slash functioning fees amid worries about a downturn in the economy and its prospective impact on customers’ organizations.