Trucking Workforce Declines but Overcapacity Remains
BTS Found Transportation and Warehousing Employment Fell 0.2% to 6.6 Million in May
The trucking industry has for months remained mired in sustained overcapacity relative to freight demand even as it has slowly shed workers, federal data shows.
The Bureau of Transportation Statistics found employment in the transportation and warehousing sector declined 0.2% year-over-year to 6.58 million in May 2024, but noted that truck transportation employment fell 1.9% over the same time to 1.55 million. This marked the eighth consecutive month truck employment decreased from the previous year.
American Trucking Associations noted a softening specific to the industry for the month.
