Trucking is the number one way of transporting freight in
the U.S. In 2007, around $8 trillion worth of freight was trucked around
America. Like most industries, employment in the trucking industry follows
the business cycle. Employment peaked in January 2007, and has declined for
more than 35 months since due to plummeting consumer demand.
Several other factors have contributed to falling employment. Industrial production has fallen and fluctuating diesel prices due to recent decreases in consumer demand have negatively impacted employment. Over 200,000 jobs have been lost during the recession.
Not much can be done for the bleak state of the trucking industry. Long term, diesel is going to become more expensive and while consumer demand is increasing, companies are starting to use other modes of transportation. In the short term, truckers could be optimistic about a rising economy, because as the overall economy improves with increased consumer demand, so does the state of employment in the trucking industry.
article: http://www.bls.gov/opub/ils/trucking.htm
Several other factors have contributed to falling employment. Industrial production has fallen and fluctuating diesel prices due to recent decreases in consumer demand have negatively impacted employment. Over 200,000 jobs have been lost during the recession.
Not much can be done for the bleak state of the trucking industry. Long term, diesel is going to become more expensive and while consumer demand is increasing, companies are starting to use other modes of transportation. In the short term, truckers could be optimistic about a rising economy, because as the overall economy improves with increased consumer demand, so does the state of employment in the trucking industry.
article: http://www.bls.gov/opub/ils/trucking.htm
With oil prices constantly increasing, do you think the trucking industry will eventually disappear?
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