Thoughts and Trends 2023

The 2023 Maintenance of Way (MOW) spending report, from Progressive Railroading Magazine April 2023 issue, reflects boosted MOW budgets for 2023 despite inflationary increases such as material costs and limited labor at hand. U.S. employment rose by 236,000 in March, and the unemployment rate changed little at 3.5 percent, according to the U.S. Bureau of Labor Statistics report. Employment continued to trend up in leisure and hospitality, government, professional and business services, and health care.?

What is the impact on recruiting efforts in 2023? The job market for rail suppliers in the United States is expected to grow by 12% from 2020 to 2030, faster than the average for all occupations. This growth is being driven by a number of factors, including:

• Increased demand for rail transportation: The rail industry is expected to see increased demand in the coming years, as more people and businesses turn to rail as a more sustainable and efficient form of transportation.
• Aging infrastructure: The rail infrastructure in the United States is aging and in need of repair or replacement. This will create opportunities for rail suppliers to provide new and improved products and services.
• Government investment: The federal government is investing heavily in the rail industry, as part of its efforts to improve the nation's infrastructure and reduce congestion. This investment will create opportunities for rail suppliers to compete for government contracts.

Rail suppliers provide a wide range of products and services to the rail industry, including:

• Rail cars: Rail cars are used to transport a variety of goods, including freight, passengers, and hazardous materials.
• Locomotives: Locomotives are used to power rail cars.
• Track: Track is used to build and maintain rail lines.
• Signal and communications: Signaling and communications systems are used to control and monitor rail traffic.
• Maintenance and repair: Rail suppliers provide maintenance and repair services for rail cars, locomotives, and track.

The job market for rail suppliers is expected to be strong in the coming years. If you are interested in a career in the rail industry, there are a number of steps you can take to prepare, like:

• Get a degree in engineering, transportation, or a related field.
• Gain experience in the rail industry through internships or entry-level jobs.
• Network with other professionals in the rail industry.
• Stay up-to-date on the latest industry trends.

The job market is constantly changing, and it can be difficult to keep up with the latest trends. However, by understanding the current trends, job seekers can make informed decisions about their careers.

Some of the key trends to watch in the job market include:

• The rise of automation and artificial intelligence.
• The increasing demand for skilled workers.
• The growing importance of soft skills.
• The need for workers who are adaptable and willing to learn new things.

Job seekers who are aware of these trends and who are prepared to adapt will be well-positioned to succeed in the job market.

Here are some additional tips for job seekers:

• Stay up-to-date on the latest trends by reading industry publications, attending industry events, and networking with people in your field.
• Make sure your skills and experience are aligned with the needs of the job market.
• Be prepared to adapt and learn new things.
• Be persistent and don't give up.

The job market can be challenging, but by following these tips, job seekers can increase their chances of success. Several online resources are available. Lets continue the conversation. For an initial consultation reach us at: [email protected] or call 877-557-8245 to schedule yours today.