Weekly Transportation Update: Unemployment Plummets to Levels Not Seen in 50 Years

U.S. job growth soars in January on a seasonally adjusted basis.

• The unemployment rate declines, matching levels not seen since the 1960s.
• The ISM manufacturing index falls deeper into contraction territory.
• Dry van and refrigerated spot rates continued their seasonal declines.
• Intermodal volumes show no sign of improvement or conversion.