Truck brokerage giants have been forced to lay off hundreds as the coronavirus slams trucking – here's a list of the biggest job cuts so far in 2020

Transfix laid off 24 employees in late April, or 10% of its staff, a spokesperson confirmed to Business Insider. The company has restructured operations in response to the coronavirus pandemic.

These workers all received severance pay, a temporary continuation healthcare insurance, and job placement services. Its executive team and founders are also taking a voluntary pay cut.

"This was an incredibly difficult decision, but we believe it was the right one for the business and environment ahead, and we wish those who've been affected well," Lily Shen, who is CEO and president of Transfix, said in a statement.

"We are also deeply committed to our shipper and carrier partners, to help them through the challenges they face, and we're well-positioned for smart and sustainable growth in the future," Shen added.

Transfix was founded in 2013 in New York City.

Total Quality Logistics, or TQL, laid off up to 700 employees in March, industry publication FreightWaves reported in an investigation.

TQL spokesperson Tom Millikin said these numbers were "grossly inflated" in a statement emailed to Business Insider, but declined to reveal the actual numbers.

"We terminated a number of employees in March for underperformance, and the numbers that have been reported are grossly inflated," Millikin said.

"No other internal or external factors played a part in those decisions and those employee separations were not part of any broader reduction in force program or any layoffs," he added. "In fact, we're actively hiring right now."

Terminated employees told FreightWaves that IT problems lead to layoffs. Hackers broke into TQL's IT system in late February, exposing the data of scores of customers in the trucking industry.

TQL is one of the nation's largest freight brokers, garnering nearly $3 billion in revenue in 2017, according to a 2018 report from UBS. It's based in Cincinnati, Ohio.

Next Trucking laid off 70 workers on January 17, which comprised 19% of its headcount. Business Insider first reported the layoffs.

The affected employees received 10 weeks of severance pay, Next Trucking spokesperson Mike Bush previously told Business Insider.

While a former employee shared with Business Insider that Next's revenue goals were missed, sparking the layoffs, Bush said Next's revenue has increased every year since its founding in 2015.

The largest investors of Next, which is based in Los Angeles, include Brookfield Growth Partners, GLP, NGP, and Sequoia Capital.

San Francisco-based Flexport laid off 50 employees in February, the company confirmed with Business Insider. This totals 3% of its workforce.

TechCrunch reported the layoffs first, noting that Flexport is yet another company funded by Softbank that's had to cut down on employee growth. Of course, compared to Softbank cohorts like Zume Pizza and WeWork, Flexport's job cuts are relatively minor.

Flexport was founded in 2013, billing itself as the world's first technology-based international freight forwarder and customs broker.

In February, venture capitalists highlighted Flexport to Business Insider as one of 31 hottest logistics startups whose valuations was set to soar this year. Along with Softbank, G Squared, Reddit cofounder Alexis Ohanian, Y Combinator, and 8VC are investors.

Coyote Logistics shuttered its Chattanooga, Tennessee, office in February. Some employees were retained and moved to Atlanta, but 22 jobs were eliminated.

An additional five employees in Coyote's information-technology department were laid off that month as well.

A Coyote spokesperson told Business Insider that the laid-off employees received severance packages and job-placement services.

The Chattanooga office had been reduced to a small staff by the time it was shut down earlier this year, said FreightWaves, which first reported the layoffs.

Coyote was founded in 2006 in Chicago, and was acquired by UPS in 2015 for $1.8 billion.

A spokesperson for the company noted to Business Insider that Coyote is still growing, despite the layoffs and the current business environment.

"Coyote continues to grow and is currently hiring for 42 open positions as we provide services that help keep critical infrastructure supplies moving," the spokesperson said in an emailed statement. "We regularly adjust our workforce to meet the needs of our customers, which includes moving positions to other Coyote offices to enhance efficiency and customer service."

Coyote is among the nation's largest freight brokers, bringing in some $2.4 billion in revenue in 2017, according to a 2018 UBS report.

Arrive Logistics, an Austin, Texas-based freight brokerage, reduced its workforce by 10% on April 4. Of the 110 who were affected, 35 were put on furlough and 75 were permanently laid off.

These employees all received severance packages, medical plan stipends, and assistance to find a new job within logistics. All non-competes were eliminated as well.

"This decision didn't come lightly because we know the impact it had on many of our colleagues and their families," Chelsea Woodhead, chief people officer at Arrive Logistics, said in a statement to Business Insider.

Arrive's co-founders, CEO Matt Pyatt and president Eric Dunigan, are deferring 100% of compensation, and other members of Arrive's senior leadership team are deferring compensation.

In February, venture capitalists highlighted Arrive to Business Insider as one of 31 hottest logistics startups whose valuations was set to soar this year.