U.S. payrolls growth of 1.6% in February on a year earlier was well-ahead of the 1% expected by economists, and within that the logistics industry delivered its 91st straight month of growth of 2.9%. Couriers and warehousing did best, though at 4% the latter saw its slowest rate of growth since May 2014. Waterborne employment expanded 2%, driven in part by the continued surge in import traffic, with ports handling 9% more volumes in the past three months on a year earlier. Continued growth in trade-related employment will partly be a function of the Trump administration’s implementati...
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