Logistics Jobs Momentum Wanes on Precision Railroading, Trade War — Panjiva
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Logistics Jobs Momentum Wanes on Precision Railroading, Trade War

Corp - Ports 909 Mode - Rail 120 Mode - Seaborne 1845 Theme - Employment 56 U.S. 5399

U.S. logistics employment climbed 1.3% higher year over year in November, the 112th straight increase. Yet, momentum is slowing. That was the slowest rate of growth since Oct. 2010 and was less than that seen by the economy at large for the first time since Sept. 2013. The introduction of precision railroading and lack of meaningful impact from inland ports dragged rail employment down 9.7%. Maritime employment meanwhile slid 0.3% lower as a result of the U.S.-China trade war – U.S. seaborne inbound shipments fell by 4.2% compared to a year earlier in November.

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