This article examines some factors that have affected trends in employment and wages of for-hire trucking employment over the last 30 years. First, we review employment trends in the industry, and then look at the changing character of the trucking labor market, as well as other factors that have wrought change in this industry. This excerpt is from an article published in the April 1998 issue of the Monthly Labor Review . See How to view a PDF file for more information. The source of the data is Cass Information Systems.
Estimates refer to freight movement by truck, rail, and sea.
While reductions in the rate of revenue growth per ton-mile have occurred across all sectors, they have been most significant in rail and water transport. When measured by value rather than tonnage. 3 For-hire truckdrivers are those employed in SIC 42, Trucking and Warehousing, rather than across the spectrum of industrial classifications. 4 Excludes the warehousing and storage component of Trucking and Warehousing, SIC 42 . Rate of decline is calculated using annual averages.