Each month we review various transportation trends from previous months to predict what may happen in the future. Take a look at the most recent rail, trucking and ocean traffic trends:
Due to weak coal, metals and grain volumes, NSC has reported carloads down 3.6% year over year. Overall, volumes have been negatively impacted by metals, petroleum, and sand and gravel volumes this quarter.
U.S. Trucking Trends
The seasonally adjusted truck tonnage index for August 2015 was down 0.9% month over month, according to the American Trucking Association. Year over year the tonnage index was up 2.1% in August 2015. Year to date, the tonnage index is up 3.2%.
Dry-van rates through the early part of October 2015 were $1.74 per mile. The lower diesel prices have reduced fuel surcharges.
Through early October 2015, flatbed rates in the spot market were $1.97 per mile, which is down 15.2% year over year. Lower fuel surcharges have contributed to the decline in spot rates.
Ocean Traffic Trends
In August 2015, inbound containerized ocean volumes at all U.S. ports rose 5.6% year over year. During September 2015, ship charter lease rates continued to decline following several months of increased charter activities, which was due to congestion at the west coast ports. Congestion at the west coast ports has since eased.
If you are interested in learning more about the recent trends, please contact us.