Thursday, February 4, 2010
Trucking Jobs have Dropped During the Recession
The >Bureau of Labor Statistics has recently issued a study that shows how employment in the truck transportation industry has dropped from 1.45 million jobs before 2008 to about 1.25 million trucking jobs by the end of 2009. This decrease of 200,000 drivers is significant not only for the truckers, but also for the manufacturers and merchants that sell the goods that these guys deliver.
You can see in the above chart that the severity of the decline in this recession (Green Line) is much steeper and prolonged than what it was in the prior two recessionary periods.