By the Numbers
Permian gas flaring reaches yet another high
AJOT | November 05, 2019 | Energy | By The Numbers
Flaring and venting of natural gas in the Permian Basin in Texas and New Mexico reached a new all-time high in the third quarter of 2019, averaging more than 750 million cubic feet per day (MMcfd), according to a preliminary analysis conducted by Rystad Energy.
Intermodal downturn continues in Q3
AJOT | November 01, 2019 | Intermodal | By The Numbers
Total intermodal volumes dropped 3.7 percent year-over-year in the third quarter of 2019, according to the Intermodal Association of North America's Intermodal Market Trends & Statistics report. International shipments nudged down 0.8 percent from 2018, while domestic containers and trailers fell 4.9 percent and 17.6 percent, respectively.
EIA projects that natural gas consumption in Asia will continue to outpace supply
AJOT | October 28, 2019 | Energy | By The Numbers
According to the U.S. Energy Information Administration’s (EIA) latest International Energy Outlook 2019 (IEO2019) Reference case, future growth in natural gas consumption is concentrated in developing nations—those outside of the Organization for Economic Cooperation and Development (OECD)—especially in non-OECD Asian countries.
China adds incentives for domestic natural gas production as imports increase
AJOT | October 23, 2019 | Energy | By The Numbers
Rapid growth in China’s natural gas consumption has outpaced growth in its domestic natural gas production in recent years.
ATA Truck Tonnage Index rose 0.2% in September
AJOT | October 23, 2019 | Intermodal | Trucking | By The Numbers
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 0.2% in September after falling 4% in August.
S.C. Ports makes a $63.4 billion annual economic impact on S.C.
AJOT | October 23, 2019 | Ports & Terminals | Ports | By The Numbers
South Carolina Ports Authority has long been a powerful economic engine for South Carolina, and as container volumes have doubled over the past decade, the Port’s positive economic impact on the state has significantly increased.
The United States now exports crude oil to more destinations than it imports from
AJOT | October 22, 2019 | Energy | By The Numbers
As U.S. crude oil export volumes have increased to an average of 2.8 million barrels per day (b/d) in the first seven months of 2019, the number of destinations (which includes countries, territories, autonomous regions, and other administrative regions) that receive U.S. exports has also increased.
Report finds $1.1 trillion in energy savings due to U.S. natural gas production
AJOT | October 22, 2019 | Energy | By The Numbers
Natural gas end-users, which include American households, businesses, manufacturers, and power generators, have realized $1.1 trillion in savings since 2008 as a result of increased natural gas production in the Shale Crescent USA region (Ohio, Pennsylvania and West Virginia), according to a new economic analysis released this week.
FTR reports a rebound in trailer orders in September
AJOT | October 21, 2019 | Intermodal | Trucking | By The Numbers
Trailer order activity rebounded from the recent doldrums as some fleets began placing orders for 2020.
Global energy consumption driven by more electricity in residential, commercial buildings
AJOT | October 21, 2019 | Energy | By The Numbers
Energy used in the buildings sector—which includes residential and commercial structures—accounted for 20% of global delivered energy consumption in 2018.
FBX Update: Will the recent tariff deferral boost demand?
AJOT | October 18, 2019 | Maritime | By The Numbers
While the latest tariffs were deferred, the impact to date on small US businesses, both in profitability and sourcing behavior has been significant.
EIA’s Hourly Electric Grid Monitor shows effects of California wildfire-related shutoffs
AJOT | October 18, 2019 | Energy | By The Numbers
Starting on Wednesday, October 9, 2019, California electric utility Pacific Gas and Electric (PG&E) shut off electricity to hundreds of thousands of customers in 34 California counties.
FIS Air Freight Report October 14, 2019
AJOT | October 14, 2019 | Air Cargo | General | By The Numbers
Some market positivity in the second week of Q4 as China to Europe and China to US gain a collective 11 cents (2.70% and 1.23% respectively) as airlines peak season rates will kick into action. The biggest aggregate gainer remains Shanghai to Europe, gaining another 8 cents and up 5.76% since the end of September.
The unfulfilled promise of the Latin American decade
George Lauriat | October 14, 2019 | International Trade | By The Numbers
The Latin American Decade never quite took hold. The U.S.-China trade war is both an opportunity and a threat while the region’s trade pacts all face challenges that could mark their undoing. But a new decade is approaching, will the region be ready for another bid?
FTR Trucking Conditions Index for August reflects mediocre environment for carriers
AJOT | October 11, 2019 | Intermodal | Trucking | By The Numbers
FTR’s Trucking Conditions Index for August, at a -1.11 reading, was negatively impacted by weak utilization and higher financing costs. FTR forecasts that the TCI will hover around the neutral range through 2020.
August 2019 Freight Transportation Services Index (TSI)
AJOT | October 10, 2019 | Air Cargo | General | By The Numbers
From August 2018 to August 2019, the index rose 4.1% compared to a rise of 5.5% from August 2017 to August 2018
Rystad: All eyes on the Caribbean as replacement ratio dips to the lowest in decades
AJOT | October 09, 2019 | Energy | By The Numbers
Oil and gas companies have discovered 7.7 billion barrels of oil equivalent (boe) year-to-date, according to Rystad Energy’s latest global discoveries report.
North America sawmill margins drop to 15 year low
AJOT | October 09, 2019 | International Trade | By The Numbers
Sawmill profit margins have fallen substantially in North America over the past 12 months with BC sawmills margins in the 2Q/19 being close to their lowest levels in 15 years, reports the Wood Resource Quarterly Costs for sawlogs declined in most major regions around the world in the first half of 2019. However, lumber prices have fallen faster in key markets resulting in lower profits for sawmills, particularly in British Columbia, the US South and Eastern Russia, according to the Wood Resource Quarterly. Seattle, USA. Lower lumber prices and only small adjustments in sawlog costs in the 2Q/19, sawmills in North America saw their profit margins decline again after a short-lived improvement in the 1Q/19. Although margins have fallen quite substantially in the US South the past year, reaching a three-year low, they are still higher than the 15-year average as tracked by the WRQ. Small changes in log costs together with lower income from lumber and residual sales have taken the gross margins for sawmills in British Columbia down to their lowest levels since the Global Financial Crisis back in 2009. In the 2Q/19, these margins areless than half of their ten-year average (see chart).
Winter energy bills in the United States likely to be lower than last year’s
AJOT | October 08, 2019 | Energy | By The Numbers
On average across the United States, households can expect heating expenditures this winter (October through March) to be lower than last winter’s, according to the U.S. Energy Information Administration’s (EIA) Winter Fuels Outlook, released at noon today.
U.S. nuclear outages remained low in summer and moderate in September
AJOT | October 04, 2019 | Energy | Alternative | By The Numbers
U.S. nuclear electric generation plant outages averaged 2.7 gigawatts (GW) during the summer of 2019 (June through August), about the same as during the summer of 2018.
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