The Roemer Report

May 2018

Trucking’s Rising Tides and the Bumpy Road to Growth Town

With the President's deregulation and tax agenda rising the tide, several of the U.S. economy’s bigger boats have been getting a pretty big lift including trucking. As of the end of April it looks like the nation’s economy is maintaining a pretty good head of steam even though spring is late this year. Back in March, the Bureau of Labor Statistics reported that total non-farm employment added 313,000 jobs in February, the largest job gain since 2016. The kicker though was in the trucking sector which gained some 5,600 jobs, a significant number, and one marking the fastest growth the industry since 2015.

To many in trucking, that news sounded Great and the broadcast media, for the first time in a long time, began covering the trucking industry’s role in sustaining our country’s economic growth and its importance as a jobs driver. For once, issues like driver pay, safety and turnover were front and center. Other issues facing fleets and owner operators are also getting more sober coverage—new regulatory mandates and relying on a crumbling infrastructure for example—in sharp contrast to the drumbeat of negative media drivers and the industry is often subject to. The industry’s building some real momentum, but is it sustainable?

If you'd like to read more of this month's newsletter, click here.

read most recent issue.png is the nation’s leading online trucking insurance agency. Whether you are a leased operator looking for non-trucking liability (bobtail semi insurance) and occupational accident semi insurance, or a trucker with his own DOT authority needing commercial auto liability and cargo insurance, we are here to provide assistance. We write fleet trucking insurance policies from 1-1000.

p: 888-931-1934 | f: 419-475-8750 | 3912 Sunforest Court, Toledo, Ohio 43623

Roemer Insurance
Insure My Rig
Permit My Rig
SA Safety Services

The information contained in this website is offered only to provide the reader with a general understanding of the subject matter. Nothing contained herein should be regarded as legal advice or as a warranty of veracity or averment of any fact. Whether such information is drawn from a simple glossary of terms, or enumeration of definitions for industry jargon or else wise, it is published only for general information and should not be regarded as legally binding. No language contained herein is part of any contract or policy of insurance and is only given publicly to allow for a conceptual understanding of commonly used terms.

Privacy Policy