Total employment in the for-hire trucking industry fell by 1,400 jobs in June, according to the Department of Labor’s monthly Employment Situation Report, released July 7.
The DOL also downwardly revised May’s employment number by 700 jobs.
June’s dip comes amid an otherwise solid month for employment for the U.S. economy, which added 222,000 jobs in the month. The country’s unemployment rate was 4.4 percent.
Van and flatbed rates soared to multi-year highs. Reefer rates rose to their strongest point in a year.
Trucking industry employment in June totaled 1.4716 million — about 25,000 jobs greater than last June.
The construction industry in June added 16,000 jobs. The manufacturing sector added 1,000 jobs. The transportation and warehousing sector, which includes trucking, added 2,400 jobs.
Affected tractors are equipped with an automated Eaton UltraShift Plus or Eaton Advantage Transmission with right hand stalk shifter. In the affected trucks, the display on the instrument panel can indicate “N” when the shifter is set into “D” or “R,” causing the truck not to move.