2015 is winding to a close. The transportation industry has had its ups and downs throughout the year. See how the industry fared at the end of the year:
The seasonally adjusted Truck Tonnage Index was up 2% month over month in October 2015, according to the American Trucking Association. In early December 2015, the dry van rates were $1.78 per mile. Holiday demand has been sluggish, and lower diesel prices have reduced the fuel surcharges. In early December 2015, flatbed rates in the spot market were $1.86 per mile, down 14.1% year over year. The weak industrial demand, more available capacity and lower fuel surcharges are contributing factors for the declining spot rates.
Flatbed Freight Index
Truckload Freight Index
Ocean Traffic Trends
In October 2015, inbound containerized ocean volumes at all U.S. ports decreased 2% year over year. Ship charter lease rates declined in November 2015 following several months of increased charter activity due to congestion at west coast ports. Since the West Coast ports have returned to normal, the charter activity will likely continue to decline.
The fourth quarter carload volumes for 2015 were down 6.1%, according to CSX. NSC reported carloads down 5.6% year over year for the fourth quarter of 2015. The decline is attributed to weak coal and metal volumes.
Do you have questions about the recent trends? Please contact us for more information.