The Journal of Commerce Trucking Employment Index rose 0.3 percentage points in July as for-hire motor carriers and other U.S. employers increased hiring.
The trucking employment index reading for July was 93.1 — its highest level since December 2008 — compared with 92.8 in June and 90.1 a year ago.
The July index indicates for-hire trucking employment is about 7 percent below its peak in early 2007, although 9.1 percent higher than its low point in March 2010.
The index represents change in trucking employment based on monthly payroll data for more than 100,000 for-hire carriers from the U.S. Bureau of Labor Statistics.
Employment at carriers tracked by the BLS climbed by 3,000 jobs to about 1,346,400 employees in July, according to preliminary data released Friday.
That’s a gain of 0.2 percent from June and 3.3 percent from a year ago. Over the past year, those trucking companies added about 42,600 jobs, according to the BLS.
Overall, private industry employers added 172,000 jobs in July, for a net gain of 163,000 jobs. Government employment dropped by about 9,000 jobs.
Transport operators of all types increased payroll by about 6,900 jobs in July, for a 1.9 percent annualized gain and a 0.2 percent uptick from June.
The Journal of Commerce calculates the seasonally adjusted trucking employment index by assigning a base value of 100 to average trucking employment in the fourth quarter of 2006.
According to BLS data, trucking employment peaked in early 2007, when the trucking employment index briefly hit readings of 100 to 100.4 for five months.
The index dropped precipitously during the Great Recession of 2009, reaching its low point of 85.3 in March 2010. It has climbed 7.8 points since that month.