Trucking Company New York Express and Logistics to Close
[Stay on top of transportation news: Get TTNews in your inbox.]
SYRACUSE, N.Y. — New York Express and Logistics is shutting down and laying off its 107 employees after losing a major contract.
In a filing with the state, the trucking company said the loss of a contract with the DHL parcel delivery service led to its decision to shut down.
The closing will occur March 31 and result in the layoffs of 15 employees at its facility in DeWitt, as well as 48 workers in Latham near Albany, 25 employees in Rochester and 19 employees in Depew near Buffalo, according to the filing.
New York Express and Logistics, a subsidiary of North East Freightways Inc., of Londonderry, N.H., provides freight transportation and cargo-hauling services.
WARN Details - New York Sta... by Transport Topics on Scribd
Nearly 800 trucking companies went out of business in the first three quarters of 2019, according to a report by CBS MoneyWatch. Reasons cited include rising insurance costs and the nation’s tariffs war with China, which has reduced freight shipments from that country.
Among the trucking companies that closed last year was New England Motor Freight Inc., which shut its terminals without warning in February and laid off its 518 workers in New York, including 63 in Cicero.
Want more news? Listen to today's daily briefing:
