There isn’t much to write home about in regards to Truck transportation jobs in June, with the Bureau of Labor Statistics reporting jobs dropping by the smallest of increments: “Changes up or down are reported by the BLS in increments of 100 (unless they’re zero), and that is the change reported by the BLS for June: a decline of 100 jobs to 1,548,600 jobs.” Read more…
TRIVE CAPITAL PARTNERS WITH RPM FREIGHT SYSTEMS
Trive Capital, the Dallas-based private equity firm, and Bluejay Capital Partners have just announced their recent investment in RPM Freight Systems, LLC, a leading asset-light finished vehicle logistics (“FVL”) provider. Founded in 2011, “RPM is a technology-driven, asset-light provider of transportation management solutions to new and used finished vehicle logistics and other specialized freight markets in North America and Europe. The Company is trusted by many of the largest auto OEMs and remarketers to transport vehicles and freight, safely and efficiently, from origin to destination.” Read more…
Resilience of supply chains will be tested as US imports are on course for volumes at a height not seen over the past two years. Even without work stoppages and multitudinous disruptions, logistics providers are preparing themselves for the worst. According to the Global Port Tracker, published by the National Retail Federation and Hackett Associates, “box traffic pouring into US ports will climb to its highest level in two years in the coming weeks, and the authors predict a seven-month run of monthly import volumes north of 2m teu, fuelled by consumer spending and retailers stocking up.” Read more…
While there are several factors working in recruiters’ favor to attract Gen Z into warehousing jobs, technology and AI seem to be one of the major driving forces. Many logistic companies in the space today “are fostering strong and supportive internal cultures, care deeply for their employees and have designed jobs with employee’s priorities in mind – from using safety technology to offering flexible shift scheduling and better pay.” Read more…
Causing backlash from social media users, a video of President Joe Biden discussing trucking jobs in an interview with the Des Moines Registry from 2019 has resurfaced online. In the video, Biden is heard saying: “Guess what? Every trucker out there with an eighth-grade education or high school education knows that they are likely not to have a job in the next three, four, five years.” Read more…
PGT Trucking Inc. recently recognized over 150 safe drivers during the company’s annual awards event, held at the Acrisure Stadium in Pittsburgh, Pennsylvania. PGT has hosted the ceremony for over twenty years to honor the company’s drivers, office staff and their guests. Included amongst the honorees were “46 Million-Mile Drivers, 104 Safe Drivers and 24 Premier Professionals.” Read more…
Swiss logistics firm Kuehne + Nagel Inc. is planning to lay off 227 Valley workers “after one of its customers, Honeywell Aerospace Technologies, decided to insource roles at two Valley facilities.” Kuehne + Nagel informed the Arizona Department of Economic Development about the position separations in an April 22 Workforce Adjustment and Retraining Notification letter. The positions span a multitude of roles in contract logistics and the cutbacks are set to happen on July 31. Read more…
A TikTok account run by the Truck Smarter app may help explain why so many truckers are leaving the industry. In the video that has already accrued over 4 million views and counting, an anonymous poster shows a trucking job offered on a booking app for what appears to be a handsome-paying gig for $3,2000, but the poster quickly tears down this opportunity by going into the operational costs that the gig would entail. Read more…
Layoffs across the freight and logistics industry continue “with companies in Florida, Georgia, Illinois, Michigan and Texas announcing job reductions and facility closures over the past two weeks.” One example is that of Warren, Michigian-based Universal Logistics, which is permanently closing two of its subsidiaries and laying off a total of 677 employees, according to notices recently filed with the state. Read more…
The advent of self-driving trucks could have an enormous impact on America’s supply chain, exponentially cutting the time it takes to transport goods from place to place and unfettering the trucking industry from the costs and physical limitations of the human workforce. The technology’s advancements have “sparked concerns about highway safety, job loss, a lack of federal regulation and a patchwork of state laws regarding where and how autonomous trucks can operate.” Read more…
