April was another tough month for the U.S. trucking industry. The Industry as a whole lost more than 16,000 jobs in the month of April. That number comes from The Department of Labor’s recently released information about the transportation and warehousing sectors. The transportation and warehousing sector lost a combined 38,000 jobs. The 16,000 were part of that number.
The 16,000-job loss represented the largest portion of the transportation and warehousing sector. In general Trucking companies all over the country have been singing a similar tune.
Recent earnings update from a couple of large trucking carriers further display the industry slow down. The Truckers YRC Worldwide Inc. (YRCW) and Con-way Inc. (CNW) recently posted their first-quarter earnings on April 23rd. Both reported losses as the industry deals with slumping shipping demand.
Across the market all types of transporters have been reporting significant volume declines as the U.S. economic output continues to shrink. This has created a tough market for companies like YRC and Con-way. Both have been cutting a host of costs in addition to cutting jobs.
Here is one bright spot in the industry. Not all trucking companies are cutting jobs. C.R. England Inc is continuing to recruit in the face of economic uncertainty. CR England is looking to hire new Truck Driving School students. Even Experienced rivers are finding trucking jobs at CR England. Here is a fact about the company that CR England can be proud of: They have never laid off a single driver in their 89-year history!
Tags: C.R. England, Truck Driving School, Trucking
