Growth in couriers and warehouses took an outsize percentage of the total net growth in jobs last month.
Analysts are looking at various explanations for why the number of drivers today is lower than it was two years ago.
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.
February generally shows an increase in the number of trucking jobs, but not in 2021
A drop between December and January is normal, and the strong market did not reverse that.
Convoy’s Terrazas: Increases are less than what would be expected given strong market
Rail jobs resume downward slide after increase a month earlier
According to the U.S. Bureau of Labor Statistics, employment in the transportation sector is back on the rise.
Demand is reducing inventories while sales remain strong, leaving no cushion before sales ramp up as they do in November and December.
Unemployment for the entire transportation and warehousing sector is down 4.4 percentage points in just a few months
