May 13, 2025
The trucking industry continues to be impacted by low rates, resulting in the loss of several thousand jobs last month. Recent data from the Bureau of Labor Statistics indicates that over 2,000 trucking positions were cut from the economy in July. This marks the fourth straight month of job losses, following a five-month period of […]
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May 10, 2025
Freddy Lazo, a driver for Big Blue Box, exits his truck at a New Brighton, Minnesota terminal in April 2025. (Photo by Max Nesterak/Minnesota Reformer) After leaving a restaurant job for a more lucrative career in trucking about two and a half years ago, Lazo now considers returning to serving tables due to the ongoing […]
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April 24, 2025
Ontario Tow Truck Operators Call for Insurance Premium Reductions Tow truck operators in Ontario are advocating for lower monthly commercial auto insurance premiums due to a significant decrease in road traffic caused by the COVID-19 pandemic, resulting in drivers being less active. Recently, major insurers like Aviva Canada and Intact Financial Corp. announced financial relief […]
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April 13, 2025
Following Fleet Equipment’s exclusive preview of the Q3 2024 truck parts and labor cost analysis, a recent report from the American Trucking Associations’ Technology & Maintenance Council in collaboration with Decisiv Inc. indicates a decrease in parts and labor costs during the fourth quarter of 2024. After witnessing a rise in the third quarter of […]
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March 24, 2025
Revisions to Truck Transportation Employment Data In early February, the Bureau of Labor Statistics (BLS) published benchmark revisions to its payroll employment database dating back to 2021. Notably, the adjustments to the truck transportation employment (TTE) segment of total non-farm payrolls caught our attention. The updated data series (represented by red bars) shows a downward […]
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March 22, 2025
Truck Transportation Jobs Hold Steady, Warehouse Employment Declines According to the latest report from the Bureau of Labor Statistics, the truck transportation sector saw minimal changes in February, while warehouse employment continued its prolonged decrease. In February, the truck transportation sector experienced a loss of 300 jobs, marking the smallest fluctuation in employment numbers since […]
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March 20, 2025
Truck Transportation Jobs Experience Notable Decline in May The Bureau of Labor Statistics (BLS) reported a significant reduction in truck transportation jobs in May, with numbers returning to the levels recorded in November. Job Statistics Overview According to the BLS, seasonally adjusted employment in this sector dropped by 5,400 from April, bringing the total to […]
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March 17, 2025
February Truck Transportation Employment Report The February employment report for truck transportation indicates a continuing decline, leaving the industry in a restricted employment range. Seasonally adjusted jobs in truck transportation have decreased by 15,400 since February 2024. While this isn’t the largest year-over-year discrepancy in recent years, it follows a significant drop in August 2023 […]
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