Ryder System to Close Iowa Warehouse, Cut 153 Jobs by July
Ryder System will close its Waterloo, Iowa, warehouse, eliminating 153 jobs by July 24 after a key contract was not renewed. The company plans transition support for affected workers as contract freight demand continues to pressure its dedicated carriage segment.
1. Warehouse Exit and Layoffs
Ryder System confirmed it will exit warehouse operations in Waterloo, Iowa, resulting in 153 job cuts by July 24. Affected roles include forklift operators, warehouse workers and supervisory staff. Ryder has pledged to assist displaced employees with job transitions and severance packages.
2. Contract Freight Market Pressure
The closure follows a contract non-renewal that reflects weakening demand in dedicated contract freight. Industry-wide softness in contract carriage and warehousing has prompted several providers to scale back facilities and workforce to align with stricter shipper requirements and volatile freight volumes.