Each month we review current industry trends to help us plan for upcoming months.
U.S. Trucking Trends
The American Trucking Associations’ truck tonnage index, which measures the gross tonnage of freight transported by motor carriers for a given time period, fell 6.3% month over month in September 2016. Year to date, tonnage is up 3% compared to the same time last year.
Dry van rates in the spot market through October 2016 were $1.77 per mile based on a trailing four-week basis. The rates are down 7.8% year over year. Weak industrial demand and more flatbed capacity available have contributed to the rate decline.
Global Containerized Ocean Traffic
Inbound containerized ocean volumes at all U.S. ports fell 3.5% year over year in September 2016. Full-year volumes are up 2.3% year over year. At this time in 2015, the full-year volumes were up 3.9%. There is expected to be modest container growth in 2016 overall.
CSX reported rail volumes down 4.1% year over year this quarter. NSC reported carloads were down 0.5% year over year due to weak coal volumes. Volumes overall have been impacted by declining metal, stone, petroleum and coal volumes this quarter.
Are you interested in learning more about recent trucking trends? Check out our blog.