Logistics and trucking firm Schneider National Carriers Inc. (NYSE: SNDR) has lost its contract with Lowe's, which will result in close to 150 employees losing their jobs.
The Green Bay, Wisconsin-based firm gave notice to the state that on April 1 it will lay off 148 employees statewide as it permanently ceases its logistics and transportation services with home improvement retailer Lowe's Companies Inc. (NYSE: LOW)