Sea-Intelligence’s Post

For the week of August 28, 2023, domestic intermodal spot rate index: Up 0.4% from prior week. Down 19.2% from prior year. 2022 Intermodal Volume by Region and Equipment North American Intermodal -9.4% Intermodal Volume by Region United States: -9.2% Comparison of Truckload to Intermodal Spot Rate  National Truckload Spot Rate, as reported by the DAT Trendline Report: Up 0.2% from prior week. Down 21.8% from prior year. Domestic 53' Intermodal Spot Rate: Down 0.5% from prior week. Down 18.6% from the prior year. #rail #intermodal #trucking #freight #logistics #supplychain https://hubs.li/Q020PNdP0

This should send shivers down the spines of the carriers. It will also make most in the forwarding industry feel a bit of dread. This does not bode well for any kind of improvement in rates - either spot or the upcoming new contracts on both the FEWB and 2024's TPEB. While Sea-Intelligence and Alphaliner make clear the possible disaster coming in 2024 with more (and more and more) capacity meeting continuing subdued volumes on most trades, other analysts are predicting losses for the carriers next year equal to the losses taken during the 2009 financial crisis. We not only have the largest fleet in history, but the oldest. Why the carriers are holding on to older vessels and not scrapping them really is hard to fathom. #carriers #capacitymanagement #capacity #newbuilds #vessels

Carrier exits in August were not as steep as earlier months, suggesting potential stabilization in the trucking market, according to a report by Motive analyzing federal data. #trucking #ltl #mergersandacquisitions #bankruptcies https://lnkd.in/gyFb8uZK

Local General Freight Trucking Market Size, Growth Revenue, Overview By 2033 It will grow to $144.45 billion in 2028 at a compound annual growth rate (CAGR) of 1.9% Read More @ https://lnkd.in/gjCBuJVY #marketresearchreport #marketresearch #FreightTrucking

Many public trucking corporations experienced double-digit revenue and earnings losses in 23Q3 due to predictions of demand volumes increases failing to materialize. There is evidence these losses also continued into 23Q4, which will be revealed in the coming weeks. Our modeling specifications and underlying assumptions continues to accurately predict Cass Shipping Freight Index, a barometer of US shipping demand volume (-1.01% variance in December). More information, including a preview of our preliminary Jan-24 forecast, is available at www.obsidianecon.com.

Despite the softening of trucking demand, the upward momentum in import and intermodal trends serves as key leading signals indicating a prospective rebound in the trucking industry for the year ahead. January's preliminary North America Class 8 net orders totaled 27,000 units, witnessing a notable increase of 600 units from December and a substantial 45% growth compared to the corresponding period last year. Explore in-depth analysis in the latest Hilco Global Smarter Perspective: https://lnkd.in/gfsiFBsa #Transportation #Trucking #HilcoGlobal #Imoprt #Intermodal

Stepping into the final part of Q1 2024, the logistics sector maintains a calm yet robust stance. 🚚 LTL carriers, in particular, are thriving, thanks to 2023's positive market shifts and reduced competition. As they look to expand and seize more real estate, expect a focus on enhanced services with increased costs passed on to customers. Stay updated on how these changes affect #shipping and #logistics! Let's talk. il2000.com/contact-us #logistics #supplychain #freight #LTL #TL #managedtransportation https://lnkd.in/gu6APrsN

While trucking demand continues to show weakness, the upward movement in import and intermodal trends serves as pivotal leading indicators signaling a potential recovery within the trucking sector for the current year. ACT Research's latest findings reveal that January's preliminary North America Class 8 net orders totaled 27,000 units, reflecting a notable increase of 600 units from December and a substantial 45% rise compared to the corresponding period last year. Explore a more detailed analysis in the latest Hilco Global Smarter Perspective: https://lnkd.in/gyuRcHRN #Transportation #Trucking #HilcoGlobal #Imoprt #Intermodal

Are carrier expectations coming true? In Q3, carriers’ expectations remain mixed, reflecting the diverse conditions experienced across various modes and markets. Carriers have suffered greatly over the past year, but their expectations are starting to be more optimistic heading toward the end of the quarter. In the recently released Carrier Rate Report, carriers were expecting linehaul rates to increase throughout the third quarter, but ultimately that hasn’t come to fruition now three quarters of the way through August. Many were expecting freight volumes to be flat to down during the quarter, which traditionally would be true, but they have actually surprised to the upside. Still, the increase likely hasn’t been felt by all carriers in the freight market. One of the only negative things is that carriers were expecting diesel prices to remain relatively stable, so the recent upward move is a shock to the downside. #carriers #freightwaves #SONAR #freightintel #research #howyadoin FreightWaves FreightWaves SONAR

Intermodal volumes, for the month of December, largely saw annual growth, while calendar year 2023 volumes were down across the board, according to data provided to LM by the Intermodal Association of North America (IANA). Total December volume, at 1,410,345 units, was up 6.4% annually, posting annual growth for the second consecutive month, following November’s 3.8% annual increase, which snapped a snapping a stretch of slimming sequential, annual declines, with October down 0.4% and 4.0%, 7.5% and 9.8% annual declines, in September, August and July, respectively. Domestic containers, at 659,912, were up 4.4% annually, and trailers, at 58,803, were down 24.7% annually, the lone segment to see a decline. All domestic equipment, which is comprised of trailers and domestic containers, was up 1.2%, to 718,715. And ISO, or international containers, rose 12.5%, to 691,630. For all of 2023, total intermodal volume came in at 16,669,980 units, for a 5.9% annual decrease. Trailers saw the steepest decline, falling 23.7%, to 704,970 units, and domestic containers, at 8,048,460, fell 1.2%. All domestic equipment, at 8,753,430, decreased 3.5% and ISO containers were off 8.4%, to 7,916,550.