The for-hire trucking industry shed 88,000 jobs last month, according to the Department of Labor’s monthly Employment Situation Summary, but May and June appear ready for a bounce-back.
More than 45% of fleets responding to a CCJ survey that measures the coronavirus’ impact on motor carriers said they expect to see an increase freight levels over the next 30 days, while only 19% expect to see a decrease – a clear signal that carriers expect to see customers shuttered by stay-at-home orders begin to reopen. Over the course of the pandemic, roughly 80% of survey respondents consistently said freight volume has decreased.
