job growth

Revised figures show 1.55 million work in truck transportation sector

Transportation & Warehousing Employment by Transportation mode

Reliance Partners’ Thom Albrecht comments on the industry’s recovery efforts and job growth figures, as well as his thoughts on increasing driver pay.

The pandemic-induced volume downturn from last year is making year-over-year comparisons inflated. However, strength in the consumer economy could support rail volumes.

In today’s edition of The Daily Dash, the freight bull market shows no signs of slowing; Chao says goodbye; and trucking continues to add jobs.

For nearly a year now in the U.S. — and for the first time since the Department of Labor began tracking job turnover — the number of open jobs each […]

Bendix is growing its air disc brake manufacturing facility in Bowling Green, KY again, this time to the tune of $65 million and 100 new jobs.

Job growth rebounded nicely in March as employers added nearly 200,000 workers to payrolls during the month. This strength in hiring did not translate to the trucking industry however, where payrolls declined for the first time in nearly a year.

Job growth fell well short of expectations in February, as the economy added the fewest workers to payrolls since 2017. Hiring slumped in several industries during the month, but trucking employment increased for the ninth consecutive month.

Supply chain investments are helping retailers meet the inventory challenges of a growing market, the National Retail Federation (NRF) reported today in its 2019 retail sales forecast.

The U.S economy added over 300,000 jobs in January, marking the best monthly performance in nearly a year. Transportation and logistics employment continued to increase at an impressive pace, led by healthy gains in warehousing, parcel and trucking jobs.

Job growth stumbled in September as Hurricane Florence likely disrupted results during the month. Unemployment continued to trend down in the economy however, and labor market conditions remain generally tight. Hiring within trucking continued to advance during the month, growing for the 5th consecutive month.  

Data from LinkedIn’s monthly workforce report shows that hiring in the transportation and logistics sector has continued at a strong pace throughout the last year. While this reinforces much of what has been reported through government statistics, LinkedIn is able to leverage its unique social media data to discover new trends about labor markets in the economy.

Job growth fell short of expectations in the economy in July after robust hiring over the past several months. Labor market conditions remain tight, however, as the unemployment rate neared historic lows at the start of the 3rd quarter. Within trucking, hiring continued to improve a solid pace in July despite the moderating job growth in the overall economy.

Job growth continued at an impressive pace in June, beating expectations for the second consecutive month.  Trucking hires also made significant strides during the month, but increased competition from within transportation and other competing industries will remain a challenge going forward.

Truck tonnage rose for the second consecutive month in May, as improving economic conditions and gains in hiring have helped trucking performance.

Job growth improved considerably in May as the unemployment rate matched a near-50 year low. Trucking hires also made significant strides during the month, erasing the large decline in trucking employment from last month.

he pace of hiring improved slightly in April as the unemployment rate fell below 4% for the first time since the end of 2000. Trucking employment, however, saw no such gains as jobs in the industry declined for the first time in eight months.

Job growth fell well short of expectations in March, but trucking hires continued to accelerate as the industry tries to address the current capacity crunch.

Toyota announced it is building a megawatt Tri-Gen hydrogen plant in California. The plant will produce hydrogen using renewable sources and will provide fuel for its Project Portal Class 8 hydrogen truck.

The Alliance for Driver Safety & Security, aka the Trucking Alliance, has adopted four technologies that the AAA Foundation for Traffic Safety says is critical to reducing large truck crashes.

C.H. Robinson has acquired Milgram & Company, a Canadian provider of freight forwarding, customs brokerage, and surface transportation. C.H. Robinson paid approximately $50 million in cash for the company.

Volkswagen has continued to increase its stake in Navistar following its initial buy-in in 2016. The company purchased approximately $10 million worth of shares in July through five transactions, according to documents filed with the SEC.  

Surprisingly, a new survey from SOTI has found that nearly 70% of transportation and logistics executives have not grasped the importance of rugged handheld mobile devices in the field.