---
title: "Weekly Transportation Update: U.S. adds 275,000 payroll jobs in February"
description: Stay updated on the latest transportation trends with a focus on the U.S. job market, freight rates, and activist investor interference in the railroads.
image: https://today.ftrintel.com/hubfs/Hero%20Images/Shippers%20Hero%20Images/Shippers%20warehouse%202.png
---

![](https://today.ftrintel.com/hs-fs/hubfs/Hero%20Images/Shippers%20Hero%20Images/Shippers%20warehouse%202.png?width=1600&height=500&name=Shippers%20warehouse%202.png)

Economy WTU

# Weekly Transportation Update: U.S. adds 275,000 payroll jobs in February

![The FTR Experts](https://7528315.fs1.hubspotusercontent-na1.net/hub/7528315/hubfs/raw_assets/public/mV0_d-cms-elevate-theme_hubspot/elevate/images/avatar-placeholder.jpg?width=48&height=48&name=avatar-placeholder.jpg)

 The FTR Experts

March 11, 2024

The unemployment rate has increased to 3.9%, with a slight easing in mortgage rates and a continued fall in diesel prices. Additionally, rail carload volume is still below 2023 levels.

 

- The unemployment rate in February was highest in more than two years.
- Job openings barely change during January.
- Trucking spot market rates decline as refrigerated rates fall for the sixth straight week.
- STB chief slams activist investors’ interference in railroad management.

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## Keep reading

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