The jobs report that came out Friday indicated a total of 217,000 jobs gained although no change to the unemployment rate which is still at 6.3%, there were gains in the transportation-warehousing sector which rose by 16,000 in May. The industry over the prior 12 months has added average of 9,000 jobs per month, and in May transportation had 6,000+ and 4,000+ for messengers and couriers. Other sectors showing job gains throughout the year included manufacturing which added 105,000 jobs and both sectors (transportation and manufacturing) should maintain gradual growth for the next 12 months. We welcome the comments of individual truckers/carriers and their opinion on how they expect the industry to perform through next year.
How are trucking factoring companies doing? As you probably noticed, the trucking factoring industry has become very competitive. Trucking factors are constantly improving customer service and searching for ways to better service their customers. In general, a trucking factor is a good guy who specializes in providing the needed cash to their customers with a sincere desire to help the customer. Give us your feedback: How happy are you with your existing factoring company? What else can trucking factors do to better service their clients? What would you like to see in ways of improvements in the trucking factoring industry? We welcome your comments. Thank you.
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