Trucking companies pulled back from hiring in March as freight demand softened and job growth across the logistics sector slowed. Warehousing and storage companies added 1,700 jobs in March. Retail payrolls plunged by 11,700 as the service-sector expansion slowed. The overall pace of logistics hiring slowed during the first quarter. The Cass Information Systems Inc. Freight Index for U.S. domestic shipments declined year-over-year in February for the third straight month.

Source: Wall Street Journal April 05, 2019 17:26 UTC