Trucking Employment Losses After Summer Gains
For-hire trucking employment experienced some gains this summer; however, as of September, the industry was down 3600 jobs. Employment rates were at an all-time high at the start of 2016, but trucking has since lost almost 9000 jobs and is down 2100 more jobs than it was last year. Nevertheless, the industry is still doing much better than it was at the height of the economic crisis in March of 2010 with 18 percent more jobs now than then.
Even with this dip, jobs involving driving a truck remain the most common in 29 out of 50 states. One study set out to determine which metropolitan areas were the best for truck drivers. Their criteria included:
- Job availability—this received double weight in value
- Average yearly salary
- Median cost for housing
- Median cost for annual rent
The top three locations are Atlanta, GA; Charlotte, NC; and Columbus, OH. Atlanta offered the highest job availability, wages (around $64,000 per year), and housing affordability. Charlotte, while paying about $9000 less per year on average, also boasts reasonable housing costs. Columbus’s annual salary came in around $49,000 per year, but purchasing and renting places to live is inexpensive and well within drivers’ means.
There are many other factors to consider when choosing where to work and live. However, many truckers may feel like they have no choice but to move where the jobs are available and pay well. The above three cities are a good place to start. Other locations to consider are:
- Indianapolis, IN
- Chicago, IL
- Houston, TX
With the state of the transportation industry in flux, it behooves commercial truck drivers to consider all of their options. On that same token, fleet managers need to stay abreast of trucking trends and maximize opportunities as they occur. Transportation companies in more rural areas may be able to secure a stable fleet by offering appealing jobs, benefits, and insurance options. These can instill and maintain employee loyalty. In addition, most individuals do not want to move or uproot their family. To learn more about the state of the transportation industry, contact the experts at Three Points Insurance.