Package carriers, warehouse operators and other logistics companies are cutting payrolls as the need to ship goods decreases while the U.S. economy “pivots toward spending on services.” According to preliminary figures released by the Bureau of Labor Statistics, “freight and parcel carriers cut more than 14,000 jobs from May to June.” This drop has been par for the course following the massive surge in hiring throughout the pandemic “when strong e-commerce growth triggered a rush to expand supply chains from shipping docks to distribution centers.” Read more…
Daily Archives: July 20, 2023
AFTER FLOODING THE MARKET DURING COVID, DRIVERS NOW STRUGGLING TO PAY BILLS
With so many consumers snatching up goods for their pandemic lifestyles, many people took advantage of the snarled supply chains by joining the truck driving industry. One such person, Arnesha Barron, “saw a moment to make her dream of starting her own trucking company come true.” But what was first an optimistic bet on the COVID trucking boom, the wager soon became a more troubling realization. Read more…
TRUCKER JOB EMPLOYMENT MOVES UP AND DOWN IN THE SAME MONTH
In the most recent monthly Bureau Labor Statistics report, the number of truck transportation jobs vacillated in what could only be described as “an up-and-down affair.” In June, total jobs in the truck transportation sector “declined by 200 jobs from May, according to the BLS, coming in at 1,609,700 jobs on a seasonally adjusted basis.” But this number was an adjusted figure for May, “which was an increase of 700 jobs from the initial May employment report.” The April jobs went on to be revised upward by 100 jobs as well. Read more…