Trucking Jobs Stall as Nvidia Hardware Worth Millions Vanishes in Transit

US trucking employment stalled in October, adding to signs that the industry’s capacity is shrinking as federal regulators crack down on unqualified drivers.

Truck transportation jobs held at 1,471,300, unchanged from September, the Bureau of Labor Statistics said on Friday. The September figure was revised down by 1,800 jobs. Payrolls are now 1,600 below a year earlier, and August was the last month to show an annual gain. Warehousing employment slipped by 300 jobs.

“Any rebound in capacity is very slow at best,” said Jason Miller, a professor of supply chain management. Mazen Danaf, principal economist at Uber Freight, said he expects updated figures “to reflect a sharp drop in Q1 2026 employment driven by regulations.”

In California, police are investigating the disappearance of six pallets of Nvidia Corp. computer hardware reportedly worth $11.4 million.

The shipment was collected in Oakland on Aug. 29, bound for Fort Worth, Texas. The truck that picked it up reportedly bore the logo of a food transportation company. Investigators tracked the vehicle through several stops lasting hours before losing it in San Bernardino County. The Oakland Police Department received a complaint on Sept. 13, but the case only became public this week. No arrests have been made, and police haven’t confirmed the value or the contents.

“The investigation is ongoing,” the department said. Nvidia didn’t respond to a request for comment.

Computing and data-center equipment has become a growing target for thieves. More than 7.5 million dollars of Nvidia products were stolen in burglaries in Fremont and Union City, California, last year. Police haven’t spoken of how the Oakland shipment was taken, or whether the thieves posed as a legitimate carrier.