Latest news with #Freightliner
Time of India
11-07-2025
- Automotive
- Time of India
Daimler Truck to cut 5,000 jobs as German auto woes roll on
German heavy-goods vehicle group Daimler Truck said Tuesday that it would cut around 5,000 jobs by 2030 in the latest sign of woe for Germany's beleaguered automotive industry. A "comprehensive and detailed restructuring plan" covering "six core cost reduction areas" will lead to "a significant job reduction in Germany by 2030", the company said in a statement. In a presentation to investors, Daimler Truck said 5,000 jobs would be cut in Germany, affecting one in seven of its workers there. The company also said the plans, part of a programme to save one billion euros ($1.17 billion) in Europe by 2030, would involve "relocating production to a country with cost advantages". "The company will use natural churn and incentivise employees to take early retirement to cut the jobs in a socially responsible way and offer targeted severance packages," it added. Daimler Truck has struggled in Europe in recent years amid sluggish growth on the continent and particularly in Germany, a core market. Sales by volume at its Europe-focused Mercedes-Benz Trucks business fell 20 percent by volume last year, helping to drag down overall group sales by 12 percent. "We are restructuring our organisation to raise efficiency and reduce complexity," said Achim Puchert, board member for Mercedes-Benz Trucks, adding that Daimler Truck was "very determined" to see the programme through. Daimler Truck says the share of its production made in Germany has already fallen from about a half to a little over a third since 2019. The maker of yellow Thomas Built school buses and Freightliner trucks joins other German automotive firms that have recently sought to cut costs on home soil. Wolfsburg-based Volkswagen, Europe's largest carmaker, said last month that about 20,000 of its German employees had agreed to voluntary redundancy as part of plans to shed 35,000 posts by 2030.
Kuwait Times
09-07-2025
- Automotive
- Kuwait Times
Daimler Truck to cut 5,000 jobs as German auto woes roll on
The lettering Daimler Truck stands in front of the headquarters of Daimler Truck AG in Leinfelden-Echterdingen, southern Germany on May 27, 2025, prior the the company's annual shareholders' meeting. -- AFP FRANKFURT: German heavy-goods vehicle group Daimler Truck said Tuesday that it would cut around 5,000 jobs by 2030 in the latest sign of woe for Germany's beleaguered automotive industry. A 'comprehensive and detailed restructuring plan' covering 'six core cost reduction areas' will lead to 'a significant job reduction in Germany by 2030', the company said in a statement. In a presentation to investors, Daimler Truck said 5,000 jobs would be cut in Germany, affecting one in seven of its workers there. The company also said the plans, part of a program to save one billion euros ($1.17 billion) in Europe by 2030, would involve 'relocating production to a country with cost advantages'. 'The company will use natural churn and incentivize employees to take early retirement to cut the jobs in a socially responsible way and offer targeted severance packages,' it added. Daimler Truck has struggled in Europe in recent years amid sluggish growth on the continent and particularly in Germany, a core market. Sales by volume at its Europe-focused Mercedes-Benz Trucks business fell 20 percent by volume last year, helping to drag down overall group sales by 12 percent. 'We are restructuring our organization to raise efficiency and reduce complexity,' said Achim Puchert, board member for Mercedes-Benz Trucks, adding that Daimler Truck was 'very determined' to see the program through. Daimler Truck says the share of its production made in Germany has already fallen from about a half to a little over a third since 2019. The maker of yellow Thomas Built school buses and Freightliner trucks joins other German automotive firms that have recently sought to cut costs on home soil. Wolfsburg-based Volkswagen, Europe's largest carmaker, said last month that about 20,000 of its German employees had agreed to voluntary redundancy as part of plans to shed 35,000 posts by 2030. — AFP
Daily Record
01-07-2025
- General
- Daily Record
Airdrie freight train driver wins Woman of the Year honour at everywoman in Transport & Logistics Awards
Heather Waugh, a rapid deployment train driver at Freightliner, devotes more than 1000 personal hours a year to promote and champion the sector in schools, events and on panels, and volunteer and fundraise for charity. An Airdrie woman who is Scotland's only female freight train driver is on track for a bright future after scooping a top honour at the everywoman in Transport & Logistics Awards. Heather Waugh was crowned Woman of the Year at a prestigious ceremony in London which was attended by industry leaders. Heather is a rapid deployment train driver at Freightliner and her "extraordinary dedication" to the industry sees her devote more than 1000 personal hours a year to promote and champion the sector in schools, events and on panels, and volunteer and fundraise for charity. All of this is on top of working long, challenging hours in a job with no access to communications, meaning every activity is organised in her own time. A spokesperson for the awards added: "Instead of complaining about issues, Heather is committed to changing the system. "She campaigned to improve conditions for women working in the freight industry by getting female toilets installed. "After witnessing how drivers can struggle with their mental health, she campaigned to get them better support. "Heather remains a staunch advocate for mental health awareness and is a volunteer with Samaritans, supporting them with case studies and featuring in a video promoting their suicide prevention training courses to encourage others in the sector to sign up. "Heather is on the steering group for Rail Wellbeing Live and has been appointed a trustee of Women in Rail. "When it comes to fundraising, Heather unites the sector to support good causes through the Railway Family Fundraiser, an initiative she launched. "It has raised over £100,000 in just over three years through a variety of inclusive events involving over 60 rail companies. "By rallying the industry, significant sums have been donated to Ukrainian Railways, a school in Cambodia, Andy's Man Club, White Ribbon and Railway Mission." Maxine Benson, co-founder at everywoman, said: "This year's cohort of inspiring finalists and winners demonstrates the huge variety of ways in which women are driving innovation and growth in this pivotal sector. "From spearheading sustainability initiatives and automation projects to launching groundbreaking enterprises, these women are not just participating in the industry's evolution, they're leading it. "Their inspiring stories demonstrate the wealth of opportunities available to the next generation of female talent. "Our winners are authentic role models whose achievements will inspire newcomers in the transport and logistics industry. "Their stories highlight an extraordinary depth of talent, from apprentices to CEOs and every role in between. "This sector offers limitless pathways for growth and innovation, and we know that every one of the finalists will continue to empower other women to pursue their ambitions with unwavering confidence and determination."
Yahoo
25-06-2025
- Business
- Yahoo
Dolche Truckload files for bankruptcy after defaulting on tractor, trailer loan payments
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. Following a notice of default and a bank lawsuit seeking repayment, Dolche Truckload Corp. filed for Chapter 11 bankruptcy, a move its owner says will help the carrier renegotiate its debts. 'We are fully operational,' founder and owner Desi Evans told Trucking Dive. 'This is not a shutdown. It's a restructuring of our debts.' The Illinois-based carrier reported over $1.9 million in assets and $3.4 million in liabilities, according to the June 15 filing. No layoffs are occurring, and the company is continuing with business as usual, Evans said. Dolche was founded in 2010, according to its website, and had 57 trucks and 60 drivers as of last July, per a Federal Motor Carrier Safety Administration database. The largest creditor, M&T Bank, is owed over $1.9 million, according to the bankruptcy petition. The financial institution has secured claims regarding nine 2023 Freightliner trucks and one Volvo 2023 truck, valued at $800,000, along with nine 2020 Wabash refrigerated trailers for equipment valued at $190,000, the filing said. In February, M&T Bank subsidiary M&T Capital and Leasing sued Dolche, alleging breach of contract. The leasing corporation sent a notice of default letter in November, requiring $1.89 million to pay off the remaining balance. That demand also called for additional costs that include default interest and attorneys' fees. The alleged defaults are tied to a five-year loan for 10 tractors in December 2022 requiring $40,599.30 monthly payments and a six-year loan for 10 trailers from September 2020 requiring $10,007.86 monthly payments, according to the M&T Lawsuit. 'Dolche wrongfully retains possession and control of the [equipment],' the lawsuit said, adding that as each day passes, the equipment continues to depreciate. Dolche is using a provision of the bankruptcy code for small businesses called Subchapter V, according to the filing. The provision, available since 2020, can speed up the process and help a proceeding be more affordable than other bankruptcies. Evans said the bankruptcy proceeding could be finished in six months. Recommended Reading Chicagoland trucking firm files for bankruptcy following railroad suit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Yahoo
1 dead, 3 hurt in 3-vehicle crash in Lorain County
HENRIETTA TOWNSHIP, Ohio (WJW) — A woman is dead and three people are hospitalized following a three-vehicle crash in Lorain County, according to the Ohio State Highway Patrol. The crash happened around 2:30 p.m. on Sunday at the intersection of State Route 113 and Gore Orphanage Road in Henrietta Township. Child's body recovered, search ongoing for man in Cuyahoga River after inflatable inner tube capsizes Troopers say 28-year-old Moriah Smith, of Roselle, Ill., was driving northbound on Gore Orphanage Road when she attempted to turn left onto State Route 113. The car was struck by an eastbound 2022 Freightliner. Man shot to death in Akron driveway A westbound Cadillac then struck the Freightliner head-on. The impact caused the Freightliner to veer off the left side of the road, where it hit a tree and landed in a ditch. Smith was pronounced dead at the scene. Three others were taken to the hospital with serious injuries. There is no word on their condition. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
