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Expectations of strong peak season keeping truckers employed despite overcapacity concerns

Nov 08, 2024 at 02:44 PM CST

Predictions of a strong peak season this year are keeping truck drivers in seats, with trucking jobs mostly unchanged in October during a time of overcapacity.

According to the latest numbers from the Bureau of Labor Statistics, 100 trucking jobs were eliminated from the economy in October. This marked the sixth monthly loss in 2024.

Virtually unchanged, the trucking employment situation had been mostly stable since August despite many in the industry warning about a driver glut. David Spencer, vice president of market intelligence at Arrive Logistics, told Land Line that a promising peak season was keeping trucking jobs afloat, but bouncing back from the long freight recession may be further out.