job growth

Truck transportation job growth — cause for celebration or concern?

March’s truck transportation employment figures can be viewed as a glass half full or half empty — both perspectives have merit.

According to the U.S. Bureau of Labor Statistics (BLS), total jobs in March were recorded at 1,482,700, up 3,300 from February’s tally — a sign that things are headed in the right direction. 

On the other hand, March’s figures totaled 33,500 fewer truck transportation jobs than last March, just as the industry was on the precipice of the pandemic — a sign that we may...

https://s29755.pcdn.co/news/truck-transportation-job-growth-cause-for-celebration-or-concern

US freight rail market eyes consumer uplift

A photograph of a Union Pacific train weaving through a valley.

U.S. weekly rail volumes rose 16.1% year-over-year as last year’s pandemic-induced volume downturn reflects uneven comparisons, according to the Association of American Railroads (AAR). However, macroeconomic indicators still point to continued strength in the consumer economy, which could support rail volumes into the second quarter.

Weekly U.S. rail traffic for the week ending Saturday was 521,731 carloads and intermodal units. Of that, carloads rose 6% compared with the same period last year...

https://s29755.pcdn.co/news/us-freight-rail-market-eyes-consumer-uplift

The Daily Dash: Freight bulls running wild; Chao bids farewell

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the freight bull market is showing no signs of abating as stimulus money hits the pocketbooks of Americans. Plus, Elaine Chao notes the challenges transportation faces in 2021 and expands on her reasons for resigning as transportation secretary, and trucking added more jobs in December.

Bulls keep running

The stage is set for a historically strong Q1 for freight and consumers flush with recent...

https://s29755.pcdn.co/news/the-daily-dash-freight-bulls-running-wild-chao-bids-farewell