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You are here: Home / Business / Ruan to make cuts

Ruan to make cuts

July 30, 2003 By admin

Des Moines-based Ruan Transportation is cutting about three percent of its workforce. Ruan spokesperson Matt McCoy says about 100 employees nationwide will be let go in the next three weeks. McCoy says about 30 Iowans will be laid off. The rest will be scattered throughout the country, and McCoy says the company will look for “unprofitable operations” that can be closed down. The folks losing their jobs are managers or working in sales, according to McCoy. He says the company has faced a “difficult, challenging economy” over the past two years. McCoy says not only has the price of fuel increased, but the value of trucking equipment has been declining significantly, making re-sale prospects difficult. McCoy says this is the first layoff at Ruan since the beginning of a downturn in the trucking industry.to us.” McCoy says the company’s over 70 years old, and has had to change and adapt during difficult times. Ruan Transportation Management Systems provides logistics services, rents out more than 10-thousand truck units, and has its own fleet of trucks.


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Filed Under: Business Tagged With: Travel

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