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Industry Outlook

The outlook for the transportation industry generally varies depending on the sector and the job. Some areas are usually expected to have more employment growth than others. The coronavirus pandemic has had a deep impact on the transportation industry in the U.S. and throughout the world. The lock-downs and travel restrictions have caused declines in revenue and employment in many transportation sectors. The accelerated distribution of the COVID-19 vaccine in 2021 will bolster the economy and help in the recovery of the transportation industry. In the near future, as lock-downs and travel restrictions lift, the pandemic comes to an end, and the economy rebounds, there will be increased spending and revenues in most of the transportation sectors.

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