Freight downturn
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California carrier shutters business, laying off 116 workers
Yahoo Financeยท 2025-10-07 11:43
Core Insights - The freight market is experiencing a prolonged downturn, influenced by trade policy pressures and consumer hesitancy, impacting truck manufacturers and carriers of all sizes [3][4] - Amazon partners, such as Epic Lightning Fast Service and Accelore Group, are significantly affected, with Accelore Group laying off 214 workers in Texas [3] - NFI Interactive Logistics is also reducing its workforce, laying off 79 workers at a facility in Lebanon, Indiana, due to closure [4][6] - Original Equipment Manufacturers (OEMs) are facing declining demand, with cumulative orders for the September 2024 to August 2025 season down by 15% [4] Company-Specific Developments - Epic Lightning Fast Service is permanently shutting down its operations in San Diego, resulting in the layoff of 116 workers by the end of October [6] - The company had 59 power units and 93 drivers as of late July, and operated Amazon-branded vehicles for package delivery [6]