Freight Research Archives | Convoy

Trucking industry jobs have proven more resilient than other sectors of the economy as the COVID-19 pandemic has reshaped the American economy — a trend confirmed by new employment data published by the Bureau of Labor Statistics (BLS) this morning — but beneath the headline numbers, the past few months have accelerated a generational demographic […]

The BLS’ monthly Employment Situation report includes a measure of employment in Truck Transportation businesses. However, because of the definition that BLS uses, that number excludes about half of the individuals who work as truck drivers.  The difference between the Truck Transportation employment number reported by BLS and a more obvious accounting is driven by […]

Truck driver employment edged ever so slightly higher by 0.8% (30,000 drivers) in May driven entirely by gains in private fleet employment, according to Convoy estimates based on data released in this morning’s Employment Situation Report from the Bureau of Labor Statistics (BLS). Convoy estimates that private fleet employment increased by 2%, while employment among […]

For many U.S. households and businesses, April forced us to think hard about what’s truly “essential”. Factory output and retail sales data reported this morning by the Federal Reserve Board and Census Bureau provide a quantitative window onto those priorities.  It comes as no surprise that April was a brutal month for the U.S. economy […]

It has been two months since President Trump declared the national state of emergency. As states begin to reopen, questions linger around what recovery means for the freight industry. In Convoy’s mid-year market outlook for 2020, we share our latest analysis on freight rates and supply chain trends, covering the following questions: How will reopening […]

A version of this analysis originally appeared in trucks.com. During previous recessions and regional downturns, trucking recruited workers laid off from other industries. That built freight supply just at the moment when aggregate demand was typically soft. Consider what happened during two recent downturns.[1] From the start of the Great Recession in December 2007 to […]

As truckers transport essential supplies across our nation, Goodyear is providing roadside services and access to equipment to support America’s truckers.  Blake Winterton, Senior Manager of Commercial Services at Goodyear, joins Convoy for our latest video covering how COVID-19 is impacting the freight industry. Winterton is responsible for Goodyear’s FleetHQ Service Center, a program that helps […]

The United States federal government has taken unprecedented steps to support the American economy in the face of the disruption caused by the COVID-19 pandemic. Support to individuals and households will go a long way to sustaining consumer spending, which in turn will maintain freight demand. But policymakers have gone well beyond direct support to […]