Multimodal News Clips:
Atlanta is the least-costly location to do business among the 31 largest U.S. metro areas. The study by KPMG measured 26 key cost components in each market, including costs associated with taxes, labor, facilities, transportation, and utilities. Atlanta has the lowest transportation and factory lease costs, and the lowest effective corporate income tax rate of any large U.S. city. The city’s low suburban and downtown office lease costs also contributed to its top ranking
U.S. imports in 2013 decreased from the total value in 2012 by 0.38%. Petroleum products accounted for 12.5% of total U.S. imports in 2013, totaling $283 billion. Automotive vehicles were the second-largest import in the United States last year, increasing 4.1% year-over-year to $152 billion
U.S. Freight Rail Traffic:
Railroad bulk carload freight in March 2014 rose 2.5% from February 2014. Freight traffic in March rose 3.5% from March 2013, the largest year-over-year increase since December 2011. Carloads excluding coal increased 4.3% over the previous year
(Report includes rail car-loadings by 19 different major commodity categories as well as intermodal units)
U.S. Intermodal Rail Traffic:
Intermodal rail traffic in March 2014 was 9.9% higher than in March 2013, and rose 1.8% from February 2014. Intermodal loadings have experienced year-over-year gains for 52 straight months. (Report includes rail car-loadings by 19 different major commodity categories as well as intermodal units)
Railroad Fuel Price Index:
The index of average railroad fuel prices in February was 610.7, up 1.3% from the previous month and 5.6% lower year-over-year. (Average monthly price for gallons purchased by freight railroads; Includes federal excise taxes, transportation, and handling expenses)
Freight Cars in Storage:
The number of freight cars in storage has decreased to 239,554 (15.5% of the fleet) on April 1, down 16,080 cars from a month earlier (A freight car is "in storage" if it has had a loaded revenue move since 2005, but not in the past 60 days. Decrease here = more demand)
Railroad News Clips:
Coal carloads totaled 453,071 in March 2014, up 2.2% over the same month last year and the biggest year-over-year increase since December 2011. Grain shipments have also improved over the previous year. Grain carloads in March 2014 were up 21.2% over March 2013.
Greenbrier has reported that the new railcar backlog at the end of the second fiscal quarter was 15,200 units with an estimated value of $1.54 billion. The company made an estimated 3,700 railcar deliveries during the second quarter and received 5,800 new orders during the same period.
Trucking Volume: The ATA’s seasonally adjusted cargo index rose 2.8% in February. The for-hire truck tonnage index rose 3.6% from February 2013.
The spot market for truckload freight in March rose 8.8% compared to the previous month, and was 63% higher year-over-year. Truck capacity rose 20% for the month, and was down 17% year-over-year
Orders for heavy-duty Class 8 trucks in North America are expected to total 27,139 units in March 2014. March orders were 6% lower than the previous month and 24% higher year-over-year
Trucking News Clips:
On average, revenue increased 3.9% at the 25 largest U.S. less-than-truckload carriers in 2012, totaling $29.5 billion. Total LTL Carrier revenue is estimated to be nearly $33 billion for 2013.