October 25, 2020

Breaking News: US Adds 4,600 Truck Transportation Jobs In September

The number of jobs in the U.S. truck transportation category rose 4,600 in September, less than half the rate of growth recorded between July and August. 

In the latest monthly report released Friday morning by the Bureau of Labor Statistics, truck transportation jobs were reported at 1,454,400 for September, up from 1,449,800 for August. That August number was revised upward from 1,449,500 jobs in the preliminary report released last month.

With that revision in August, and that the July numbers are now considered permanent and no longer preliminary, it shows that truck transportation jobs rose an even 10,000 positions between July and August, up to 1,449,800 jobs from 1,439,800 jobs. The July number was revised up to 1,439,500 jobs. 

The growth between August and September, even in a market for drivers that some analysts are likening to the crazy tightness of 2018, wasn’t even half of what the growth was

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Thyssenkrupp to cut 800 jobs at automotive business



a body of water with a city in the background: A logo of Thyssenkrupp AG is pictured at the company's headquarters in Essen


© Reuters/THILO SCHMUELGEN
A logo of Thyssenkrupp AG is pictured at the company’s headquarters in Essen


FRANKFURT/DUESSELDORF (Reuters) – German conglomerate Thyssenkrupp will cut 800 automotive system engineering jobs, it said on Tuesday, and said auto demand could take up to three years to recover.

The impact of the COVID-19 pandemic has added to pressures on Thyssenkrupp, which is striving to turn around its loss-making business units after selling its elevator division, by far its most profitable asset, to a private equity consortium earlier this year.

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Its shares are trading at their lowest since mid-May when the pandemic’s impact on the stocks of industrial companies around the world was severe.

“We don’t expect output figures in the auto industry to return to pre-crisis levels for at least two to three years,” Ingo Steinkrueger, head of Thyssenkrupp System Engineering, said in a statement.

Thyssenkrupp in May said that System

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