While the transportation industry saw an increase in employment numbers over the past year, subdivisions of the industry experienced notable job losses.
This past March, the transportation industry added a total of 9,500 jobs. This gain is half of February's, which saw the most trucking jobs added in the past year. Furthermore, certain sectors of the industry, including “support activities for transportation” and “transit and ground passenger transportation,” had employment gains of 8,400 and 3,500 jobs, respectively.
However, despite these positive gains, sectors like “trucking transportation” and “scenic and sightseeing transportation” experienced job losses. The trucking transportation subdivision lost 6,800 employees this March, while scenic and sight seeing transportation lost 500. For trucking transportation, this is the largest loss in two years.
Regardless of the job prospects in the trucking industry at any given time, freight factoring services are always an option for trucking companies that want financial assurance. If you are looking to secure immediate payment for your outstanding invoices, assistance from TBS Factoring Services is sure to help. For more information, call us at (800) 207-7661 today.