After adding 10,600 jobs, last month marked the fastest pace for hiring trucking fleets have seen in five years, The Wall Street Journal reported. This number contributes to the 95,000 positions created in February by the private goods-producing sector - with much of that employment increase driven by construction and manufacturing - and the total 235,000 jobs added by the U.S. economy.
The recent significant gain - the strongest since 2012 - can be attributed, at least in part, to an uptick in freight shipment demand and expected growth, noted the source.
And while warehouse and storage payrolls were cut by 1,500 jobs between January and February, employment is still over 6 percent higher than it was for February of last year. Furthermore, the source noted, the increase in trucking jobs help to establish a balance for industry employment. In the transportation and logistics sector, almost 9,000 jobs were added last month.
Despite the positive reading for trucking employment, American Trucking Associations Chief Economist Bob Costello adviseds that the data should be considered with caution, taking into account that the February increases are offset by the January cuts.
"The bottom line, trucking didn't add too many jobs during 2015 or 2016, so there could be some gains coming," Costello said, according to The Trucker. "However, it is too early to say it is happening in 2017 based on the average during the first two months."