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The U.S. economy adds 678,000 payroll jobs in February.

•Crude, diesel prices soar in the wake of the war in Ukraine.
•Retail inventories see another solid increase.
•The surge in new trucking companies continues in February.
•Volatility is the order of the day for rail volumes.

The U.S. economy adds 467,000 payroll jobs in January.

• Job openings and quits remain close to record levels.
• The number of newly authorized trucking companies remained high in January.
•Diesel rises to its highest price since August 2014 as crude tops $90 a barrel.
• Rail carload and intermodal volumes remain stuck in neutral.

U.S. payroll job growth was weak in December, but the labor market is complicated.

• Job openings remain near record levels as job quits set a record.
• Truck spot rates set a record to end 2021.
• Nearly 110,000 new trucking companies entered the market in 2021.
• Rail and intermodal volumes see typical movements during the holidays.

Headlines

• Rebound in auto output key to May’s strength in industrial production and manufacturing output.
• Retail sales fade slightly in May after two stimulus-fueled months of record spending.
• Housing starts stabilize with a small gain after three months of volatile activity.
• General freight truckload Producer Price Index posts its strongest gain ever in May.
• Rail carload rebounds to pre-holiday volume but intermodal still lags.

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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