“Job growth rebounded nicely in June as the economy added 224,000 workers to payrolls during the month. The transportation and logistics sector was one of the many areas of strength in June, led by improved gains among parcel and trucking companies.” – According to the article in freightwaves.com and its author  Ibrahiim Bayaan

Transportation and logistics hiring rebounds, but employment within trucking declines

“In the trucking industry, hiring proceeded at its fastest pace since January as the industry added 4,300 workers to payrolls in May. In addition, growth from the past two months was revised up by a combined 2,600 jobs, showing that the industry still has some positive momentum heading into the second half of the year. The trucking industry added an impressive 44,000 jobs in 2018, as rising demand and surging rates helped propel hiring throughout the year. The pace of hiring within trucking has clearly slowed since rates in the industry have begun to cool, but is still moving in a positive direction.” – Bayaan also wrote in his article.

Read the full story HERE

Source and credits: freightwaves.com /  Ibrahiim Bayaan, Chief Economist & Market Expert