The transportation industry changes every month. In order to stay on top of trends, we evaluate all modes of transportation frequently. View the most recent trends:
The third quarter of 2015 was good for the market overall. The Gross Domestic Product (GDP) rose 2%, the U.S. trade deficit decreased 3.4% and the unemployment rate remained at 5%. People are spending money, which shows they have confidence in the economy. Ultimately, more money spent leads to more freight shipments and a stronger transportation industry.
In December 2015, U.S. freight rail traffic decreased 15.6% year over year. U.S. intermodal rail traffic also decreased in December, but only by 0.7%.
In November 2015, trucking volume decreased slightly according to the American Trucking Association. Despite the decrease, diesel prices fell to $2.17 per gallon at the end of 2015. The trucking workforce increased by 5,300 employees in December 2015.
In November 2015, air freight decreased 1.2% year over year. Air cargo traffic increased 6.43% year over year.
Import volumes increased 6% year over year at the end of 2015. Ocean bulk freight rates decreased 20% in December 2015.
If you are interested in learning more about freight trends, please contact us.