We track the market trends for logistics to help us predict and plan for the future. Take a look at the most recent trend updates:
U.S. Market Snapshot
The U.S. Trade deficit increased 2.23% in January 2016. In February 2016, the unemployment rate remained at 4.9%. Consumer confidence fell in February 2016 to 92.2%.
Sales in retail and food services decreased in February 2016. Manufacturing and trade sales also dropped slightly.
In February 2016, U.S. freight rail traffic decreased 10.1% year over year. U.S. intermodal rail traffic increased in February 2016, totaling 1,049,126 units.
The American Trucking Association’s truck tonnage index decreased 1.4% in January 2016. The truckload freight spot market decreased in February 2016. The spot market has decreased sequentially 29% year over year. After lower fuel prices for several months, diesel prices increased to $2.02 per gallon in February 2016. The trucking employee shortage continued in February 2016. The trucking workforce currently has 1,465,700 employees.
Import volumes decreased 4.4% sequentially in January 2016. Overall, the ocean bulk freight rates increased 4.7% in February 2016.
If you are interested in learning more about the recent trends, please contact us.