September 17, 2025
Trucking news and updates for Friday, Oct. 7, 2022: Trucking Employment Experiences Significant Decline in September The Bureau of Labor Statistics published its monthly Jobs Report on Friday, revealing a substantial drop in trucking payroll employment in September, marking the most significant decline since the beginning of the pandemic. Overall, September signifies a notable turnaround […]
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August 31, 2025
Penske Automotive Group and Rush Enterprises experienced declines in finance and insurance earnings in the third quarter; however, they noted increased sales in various sectors as a positive aspect. Although the commercial trucking sector has recently shown signs of improvement, the third-quarter results for these dealers reveal ongoing challenges like low freight rates, high interest […]
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August 29, 2025
Overview of Trucking Industry Indicators The CCJ’s Indicators provide a summary of the latest findings regarding trucking business metrics such as rates, freight, equipment, and economic trends. Job Growth in For-Hire Trucking In November, the for-hire trucking sector saw an increase of 4,500 jobs based on initial data from the U.S. Labor Department. However, the […]
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August 4, 2025
Shipping crisis worsens as spot rates continue to drop. Spot Rate Trends in Late July BEAVERTON, Ore. — Spot rates followed expected seasonal patterns in the most recent week, as late July typically marks a decline in rates. Falling Broker-Posted Spot Rates According to FTR, “Broker-posted spot rates in the Truckstop.com system saw declines across […]
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August 2, 2025
Daimler Truck, a German manufacturer of commercial vehicles, experienced the impact of tariffs and economic uncertainty in the second quarter, leading to a decrease in financial services originations and outstanding amounts as global and North American truck sales declined. Although Daimler Truck Financial Services reported revenue growth in Q2 due to improved product margins, lower […]
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August 2, 2025
Truck transportation positions demonstrated ongoing softness, with a slight decline in June; however, year-over-year comparisons indicated minimal change, marked by a mere 0.17% increase. According to the latest figures from the Bureau of Labor and Statistics, the sector shed 2,700 jobs in June, with previous job estimates for April and May being adjusted downward by […]
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July 4, 2025
In March, retail sales of Class 4 to Class 8 trucks dropped as demand declined due to macroeconomic unpredictability linked to tariffs. The U.S. Heavy Duty Retail Truck Sales Index from Equipment Finance News utilizes data from the Federal Reserve Bank of St. Louis and the U.S. Bureau of Economic Analysis. This index monitors the […]
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June 26, 2025
Declining Cargo Volumes at U.S. Ports Logistics experts are sounding alarms regarding a significant decline in cargo volumes at U.S. ports. This trend is particularly evident in Los Angeles, which hosts the busiest port in the country and is the first to experience declines in Asian shipping activity. The reduction in container shipments is a […]
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June 20, 2025
Following robust job growth in March and April, hiring in the trucking sector experienced a slowdown in May, reflecting a decline in freight service demand linked to trade-related uncertainties. According to the latest statistics from the Bureau of Labor and Statistics, truck transportation jobs decreased by 900 in May. Nevertheless, trucking employment has increased on […]
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June 10, 2025
Concerns Rise Over Plummeting Cargo Volumes at U.S. Ports Logistics specialists are alerting that cargo volumes at U.S. ports are experiencing a significant decline. This trend is particularly noticeable in Los Angeles, which hosts the country’s busiest port and is the first to reflect any decrease in shipments from Asia. The reduction in container shipping […]
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