Story by: Clarissa Hawes at FreightWaves

A major logistics company, Penske Logistics notified approximately 120 workers and truck drivers on Feb. 24 that it will permanently shutter its cross-dock facility in Coldwater, Michigan, on April 30.

The closure is in response to “the unexpected loss of a fair market bid with Ford Motor Company,” Randy Ryerson, vice president of marketing of Penske, said in a statement to FreightWaves.

He said employees and drivers were notified during an in-person meeting with local management on Monday.

Penske, headquartered in Reading, Pennsylvania, filed a Worker Adjustment and Retraining Notification Act (WARN) notice with the Michigan Department of Labor and Economic Opportunity on Feb. 24, according to Ryerson.

As of press time on Tuesday, the notice wasn’t posted on the state’s website. The WARN Act requires employees to provide 60 days’ notice of a possible plant closure or mass layoff.

In July 2019, Penske laid off 80 drivers and closed its terminal in Fort Wayne, Indiana, because of a “local trucking contract termination.”

Read the full story and more HERE

Source and credits: freightwaves.com /Clarissa Hawes/  iTrucker  / Mario Pawlowski