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Top Trucking Industry Trends

Each month, we review trends for various shipping methods. Take a look at the top trucking industry trends for U.S. trucking, global containerized ocean traffic and rail:

U.S. Trucking

The seasonally adjusted truck tonnage index from the American Trucking Association was up 2.1% month over month in December 2015 after a 0.9% decrease in November 2015. Dry-van truck rates in the spot market through the early part of this month were $1.61 per mile. The reduced fuel surcharges are due to slow demand and lower diesel prices. The flatbed truck rates in the spot market were $1.77 per mile. The decline in the spot rates compared to last year are due to weak industrial demand, more available capacity and lower fuel surcharges.

Truckload Freight Spot Market Demand Index Graph

Global Containerized Ocean Traffic

Inbound containerized ocean volumes at all U.S. ports fell 0.3% year over year. Full-year volumes were up 3.5%. Ship charter lease rates remain lower than normal following a spike early last year. It’s estimated the capacity has grown 40% while demand has grown 20% since 2008. Capacity is estimated to continue to grow in 2016.

Rail

CSX and NSC both reported a decrease in carload volumes. The decrease is due largely to weak coal and metal volumes. However, there has been a stronger volume performance this quarter with intermodal shipping.

If you are interested in learning more about recent trends, please contact us.

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