Trucking As An Economic Indicator

Topic 9721 | Page 1

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FritzTheCat's Comment
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Here is some decent news

"The latest jobs report from the Bureau of Economic Analysis (BEA) yields some hopeful numbers for the trucking industry and for the economy at large. Transportation and warehousing jobs increased by 17,100 in June, and trucking jobs in particular are looking up with 7,000 new jobs. This continues a trend, with 19,000 new trucking jobs added during the past three months and 43,300 trucking jobs added over the past year."

"BEA data also supports the bright picture painted by other sources. According to an American Trucking Association (ATA) report discussed in the Journal of Commerce (JOC), annual trucking revenue hit $700 billion in 2014 for the first time ever. That represents a 3 percent increase over 2013 figures, and a 28.7 percent increase over 2009 when the effects of the recession dropped trucking income to $544.4 billion."

"With the pickup in demand, not only are jobs being added, but trucking firms have also been able to update their fleets. Orders for North American Class 8 trucks increased to 375,000 units according to the transportation research firm FTR, constituting the second-best year ever for sales."

Trucking as an economic indicator: What are big rigs telling us about our recovery?

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