Freight demand

Import demand growth robust leading into Lunar New Year

Chart of the Week: Inbound Ocean TEUs Volume Index – Port of Los Angeles, Port of Savannah, Port of New York/New Jersey, Port of Long Beach  SONAR: IOTI.USLAX, IOTI.USSAV, IOTI.USNYC, IOTI.USLGB

Bookings for twenty-foot equivalent units (IOTI) spiked well above last year’s levels for freight bound for the nation’s top four port complexes heading into Chinese New Year (CNY). 

The IOTI is an index that measures container volumes being booked by departure date from the port of origin, about 15-30...

https://www.freightwaves.com/news/import-demand-growth-robust-leading-into-lunar-new-year

Finance expert points to cautionary signals for US freight demand

It’s actually possible for the freight economy, which has been stuck in recession for 18 months, to get worse even though the economy produced robust 4.9% growth in the third quarter, according to Danielle DiMartino Booth.

The QI Research CEO said the firehose of federal stimulus that has lasted three years is finally coming to an end, which will reduce purchasing power for millions of consumers. Her comments came Thursday during the second annual F3: Future of Freight Festival in Chattanooga,...

https://www.freightwaves.com/news/finance-expert-points-to-cautionary-signals-for-us-freight-demand

Freighters flying fewer hours underscores market weakness in air cargo

A decline in flight hours for all-cargo airlines is another data point to gauge the sagging airfreight market that is typically measured in volume by tonnage or weight by distance carried.

Freighter aircraft utilization fell an estimated 8.1% in January, the second steepest decline in three years after a 9% drop in December, according to a recent report by investment bank BMO. Several airlines have recently reported diminished flight hours or said they expected slower operating activity this...

https://www.freightwaves.com/news/freighters-flying-fewer-hours-underscores-market-weakness-in-air-cargo

Import demand dip hasn’t fully manifested but is sign of things to come

Companies are ordering less goods, which should not be a surprise

Chart of the Week: Inbound Ocean TEU Index, US Customs Maritime Imports TEUs – USA  SONAR: IOTI.USA, CSTEU.USA

The 36% drop in import volumes reported earlier this month has not materialized domestically yet and may not for several months, depending on your place in the supply chain. The Inbound Ocean TEUs Volume Index (IOTI) measures trends in TEU volumes that companies book by departure date from their ports of origin. With an...

https://www.freightwaves.com/news/import-demand-dip-hasnt-fully-manifested-but-is-sign-of-things-to-come

Maritime booking surge suggests capacity could get tighter this fall

Chart of the Week: Inbound Ocean TEUs Volume Index, Outbound Tender Volume Index – USA  SONAR: IOTI.USA, OTVI.USA

Maritime bookings represented by the Inbound Ocean TEUs Volume Index (IOTI) show a 40% increase over the past two weeks, the strongest spike in activity since early spring. This movement breaks the slow downward trend that had been in place since late April and could mean this cycle of tightened transportation capacity may have yet to peak. 

The IOTI is an index with a base value of...

https://www.freightwaves.com/news/maritime-booking-surge-suggests-capacity-could-get-tighter-this-fall

CDL holders banned from driving due to drugs, alcohol top 60,000

The number of U.S. truck drivers sidelined due to substance abuse violations has surpassed 60,000 and continues to climb by roughly 2,000-3,000 per month, according to federal data.

The latest monthly report by the Drug and Alcohol Clearinghouse, administered by the Federal Motor Carrier Safety Administration since January 2020, revealed that 60,299 CDL holders have a drug or alcohol violation recorded in the clearinghouse as of June 1, up from 57,510 as of May 1 and up from 18,860 recorded in...

https://www.freightwaves.com/news/cdl-holders-banned-from-driving-due-to-drugs-alcohol-top-60000

West vs. East coasts: The battle for trucking capacity escalates

Chart of the Week: Outbound Tender Volume Index, Outbound Tender Reject Index, Inbound Tender Volume Index – Ontario  SONAR: OTVI.ONT, OTRI.ONT, ITVI.ONT

Southern California’s outbound tender volumes have risen by nearly 20% since the middle of May while inbound volumes are relatively flat, pushing outbound rejection rates to their highest level in over a month. Volumes jumped in April, but this emerging pattern has a different look to it, having been sustained for several weeks now. What does...

https://www.freightwaves.com/news/west-vs-east-coasts-the-battle-for-trucking-capacity-escalates

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