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Headlines

• U.S. economy sees a disappointingly small gain of 266,000 jobs in April. 
• ISM manufacturing index pulls back a bit on production, employment challenges.
• April soars past March’s record in grants of operating authority for new trucking firms.
• Truck spot market sets volume and rate records.
• Intermodal and rail carload volumes were little changed in the latest week.

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Strong growth in pricing

The stress in the freight transportation system continues to show up as strong growth in pricing. The Producer Price (PPI) for rail intermodal freight transportation in March jumped 4.2% from February for the largest gain on record. The PPI is the Bureau of Labor Statistics’ estimate of pricing at the producer level (as opposed to the consumer level, which is the Consumer Price Index.)