Weekly Transportation Update: Job Openings Fall For Second Straight Month

Job openings dip below 10 million for the first time since May 2021.

• The ISM manufacturing index weakens to lowest level since May 2020.
• Trucking company new entry and carrier failures were basically in balance in March.
• Spot rates in dry van and refrigerated decline in line with seasonal expectations.
• Intermodal and rail carload volumes were generally stable in the latest week.