It's the biggest single-month loss of trucking jobs on record, according to dataApril wiped out all trucking employments gained during the past five years and a half years, bringing the industry back to its employment numbers in November 2014. . Some 20.5 million payrolls were cut in April, which is 25 times larger than the worst monthly decline seen during the recession in the late 2000s.
Much of the economy, most notably manufacturing, is at a standstill. As a result, trucks aren't moving. Nearly three-quarters of all freight by weight is moved by truck in the US, so if goods aren't being purchased or moved, truck drivers are out of work. Because of the coronavirus shutdowns, the trucking industry is on the cusp of a "freight cliff," according to a Federal Emergency Management Agency report
. The rate of moving goods via truck has fallen to the lowest levels seen since 2009, Cass Information Systems said last month.The coronavirus is just the latest in challenges for the trucking industry. Trucking had a rough 2019, with
AndrewYang called this, perhaps not quite so soon but here we gooooooooo
Sad sh't
Autonomous trucks:
But why, aren’t people need more delivers and goods movements during the virus outbreak ?
😟
All it seems now is that many Job Records are going to be thwarted!