Trucking industry employment rebounded sharply from an unexpected dip in March, increasing by 13,000 workers (seasonally adjusted), the largest monthly increase since April 2013 following upward revisions to February and March data.
About Aaron Terrazas
Posts by Aaron Terrazas:
Risk and Uncertainty in Trucking’s ‘Age of Turbulence’
Convoy economist Aaron Terrazas shares his framework for how logistics professionals can manage freight volatility through the seemingly endless parade of economic and geopolitical shocks.
April’s Fools
Despite the labor market’s growth in March, tremors in the freight market signal that the goods economy may have turned a corner.
Freight Hiring Resilient in February Despite Wall Street Wobbles
Freight and logistics firms posted a strong hiring month in what is typically a seasonal low point for the industry.
Look Beyond the January Data to Make Sense of the Surge in Trucking Payrolls
January saw an unexpected surge in trucking payrolls, but what’s the underlying cause? Convoy economist Aaron Terrazas provides his take.
December to Remember, but January to Forget
December capped a remarkable year for the U.S. labor market and transportation payroll gains, but the Omicron variant looms.
So much for Mo-vember
Seasonal adjustment methods are likely overstating holiday-related seasonal hiring as the industry preps for anticipated end-of-year demand.
Trucking is Past Peak Hiring Constraint
Over the past year, the primary constraint to trucking capacity growth has see-sawed between labor and equipment availability.
Ship in Southern California? Our new Freight Insights Report is for you
Read our Southern California Freight Insights Report to learn about driver shortages, tender rejection rates, dwell times, and more.
Trucking Hiring Slows, Package Delivery Jobs Surge as Economy Approaches Full Employment
Trucking industry hiring conditions continued to gradually improve in September – the worst labor constraints may be in the rear view mirror.
Dodging Disasters
Convoy identifies the impact of natural disasters on the freight market and the competing demand and supply responses.
Data Deep Dive: Trucking Employment is Probably Back at Pre-Crisis Levels
Trucking industry jobs are probably back at pre-pandemic levels, despite what today’s Jobs Report suggests.
Trucking Hiring Sizzled in July, Cooler Wage Growth Might be a Good Thing
Trucking industry payrolls were up in July, but at half the pace from June. Slower wage growth might be a good thing.
Survival of the Fittest: How Convoy Data Science Used Survival Analysis to Estimate the Class 8 Truck Replacement Rate
Class 8 truck orders are one of the most important data points in freight, but conventional estimates of replacement demand are lacking in precision.
The freight labor market: Hiring doesn’t get easier from here
June jobs data confirmed that there is no easy fix to trucking’s labor market woes.
Three Data Points For Better Conversations About the Trucker Shortage
Hiring at trucking firms slowed in May according to payroll data released by the Bureau of Labor Statistics this morning.
Eating-Out Caught Up With Eating-In during April for the First Time since the Pandemic Began
Spending at restaurants and bars caught up with at-home food spending in April 2021 for the first time since the start of the Covid-19 pandemic.
Where did all the drivers go?
Trucking jobs fell by 1,500 in April according to Bureau of Labor Statistics data published today. Where did all the truckers go? Convoy’s Aaron Terrazas says there’s no one-size-fits-all explanation for trucking’s worker shortage.
First 2021 Hurricane Forecasts Predict Record Storms
During the 2021 hurricane season, reports anticipate 17 storms to making landfall along the continental U.S. coastline.
Did Winter Weather Snow the Signal in February’s Headline Jobs Data?
For the second month in a row, nonfarm payroll data from the Bureau of Labor Statistics’ monthly Employment Situation Report underwhelmed.
