Intermodal Market Trends & Statistics - 1st Quarter 2017 - 9
U.S. CLASS 8 TRUCKS - ACTIVE CAPACITY IN USE
HISTORICAL AVERAGE
100%
95%
90%
85%
80%
75%
2016
2016
2016
2017
After a pause at the end of 2016
the utilization percentage of the
active truck fleet resumed edging
upward slowly in Q1, surpassing
98%. This tightness is being
reflected in the recent trends in
the spot trucking market with
rates running considerably higher
than normal. The utilization rate
is expected to continue to rise as
the implementation date for the
Federal Electronic Logging Device
mandate approaches in December
of this year. There is considerable
debate with regard to both the
extent of the regulation's impact
as well as its timing. Barring a
success for the Owner-Operators'
(OOIDA) last-ditch Supreme Court
appeal, the regulation will be
implemented on December 18. But
enforcement remains a big open
question. How much leeway will
the authorities grant to violators,
particularly in the early days of
the new regulation, how big will
the fines be and when will they
be levied? The answers to these
questions will have an impact on
the speed of adoption and the
consequent impacts on capacity.
Heavy-Duty Truck Utilization Rate
2011
2011
2011
2011
2012
2012
2012
2012
2013
2013
2013
2013
2014
2014
2014
2014
2015
2015
2015
2015
2016
conditions. Spot market prices have
been running well above historical
norms in recent months. If this
trend continues we can expect
to see spillover effects into the
contract and intermodal markets in
perhaps six months or so.
Current Trucking Indicators
JAN
FEB
MAR
Comments
21,863
22,886
22,765
22.3%
31.5%
45.0%
Class 8 orders stayed above
20,000 for four consecutive
months.
$2.580 $2.568
--
Class 8 Net Orders (FTR)
Actual
Y/Y % Change
National Avg. Diesel/Gal (EIA)
Actual
Y/Y % Change
20.4%
28.5%
--
Oil prices are stable and remain
in the $50 range. Pump prices
are following suit.
Driver Labor Availability Index (1992=100)
Actual
125.2
125.2
--
M/M % Change
0.0%
0.0%
--
Y/Y % Change
0.6%
0.4%
--
Source for all charts on this page: FTR Associates
There was little change in the driver supply in the first
quarter of this year. Driver wages as reported by the
publicly-traded motor carriers actually took a small step
downward, reflecting seasonal slackening in demand.
At this point there are no fundamental changes on the
horizon that will affect the supply of truck drivers. Rather,
the action will be on the demand side with ELDs affecting
driver productivity and therefore more drivers being
required to perform the same amount of work. This should
result in increasing labor costs and overall tightness in the
market as the year progresses.
Crude oil prices are quite a bit higher than a year ago, but
the bulk of that upward movement occurred in 2016 Q2
and prices since then have been stable in the range of $50
per barrel. U.S. producers have continued to refine their
fracking techniques with the result that wells can now be
profitably drilled at current world crude oil prices. Fracked
wells can be drilled quickly, going from a standing start
to full production in a matter of weeks. This permits U.S.
drillers in locations such as the Bakken in North Dakota
and the Permian Basin in Texas to respond quickly with
additional supply when prices begin to rise. The net effect
is downward pressure that makes substantial increases
in price unlikely, barring a significant geo-political event
Intermodal Market Trends & Statistics Report | First Quarter 2017 | © IANA 2017
9
Table of Contents for the Digital Edition of Intermodal Market Trends & Statistics - 1st Quarter 2017
Intermodal Market Trends & Statistics - 1st Quarter 2017
Key Take-Aways
First Quarter 2017 Rail Volume Results
Seasonally Adjusted Intermodal Volume
Key Corridor Results
Intermodal Outlook
First Quarter 2017 IMC Results
Intermodal Long-Term Trends
Trucking Industry Outlook
U.S., Canada and Mexico Domestic Economies
Equipment Moves by Type, Ownership and Size
Eastern Canada
Mountain Central
Midwest
Mexico
Northeast
Northwest
Southeast
South Central
Southwest
Western Canada
Major Intermodal Corridors
Data Providers
Region Map
Notes to Report
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Key Take-Aways
Intermodal Market Trends & Statistics - 1st Quarter 2017 - First Quarter 2017 Rail Volume Results
Intermodal Market Trends & Statistics - 1st Quarter 2017 - 3
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Key Corridor Results
Intermodal Market Trends & Statistics - 1st Quarter 2017 - 5
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Intermodal Outlook
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Intermodal Long-Term Trends
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Trucking Industry Outlook
Intermodal Market Trends & Statistics - 1st Quarter 2017 - 9
Intermodal Market Trends & Statistics - 1st Quarter 2017 - U.S., Canada and Mexico Domestic Economies
Intermodal Market Trends & Statistics - 1st Quarter 2017 - 11
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Equipment Moves by Type, Ownership and Size
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Mountain Central
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Mexico
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Northwest
Intermodal Market Trends & Statistics - 1st Quarter 2017 - South Central
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Western Canada
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Major Intermodal Corridors
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Region Map
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Notes to Report
https://www.nxtbook.com/nxtbooks/iana/imts_2018q4
https://www.nxtbook.com/nxtbooks/iana/imts_2018q3
https://www.nxtbook.com/nxtbooks/iana/imts_2018q2
https://www.nxtbook.com/nxtbooks/iana/imts_2018q1
https://www.nxtbook.com/nxtbooks/iana/imts_2017q4
https://www.nxtbook.com/nxtbooks/iana/imts_2017q3
https://www.nxtbook.com/nxtbooks/iana/imts_2017q2
https://www.nxtbook.com/nxtbooks/iana/imts_2017q1
https://www.nxtbook.com/nxtbooks/iana/imts_2016q4
https://www.nxtbook.com/nxtbooks/iana/imts_2016q3
https://www.nxtbook.com/nxtbooks/iana/imts_2016q2
https://www.nxtbook.com/nxtbooks/iana/imts_2016q1
https://www.nxtbook.com/nxtbooks/iana/imts_2015q4
https://www.nxtbook.com/nxtbooks/iana/imts_2015q3
https://www.nxtbook.com/nxtbooks/iana/imts_2015q2
https://www.nxtbook.com/nxtbooks/iana/imts_2015q1
https://www.nxtbook.com/nxtbooks/iana/imts_2014q4
https://www.nxtbook.com/nxtbooks/iana/imts_2014q3
https://www.nxtbook.com/nxtbooks/iana/imts_2014q2
https://www.nxtbook.com/nxtbooks/iana/imts_2014q1
https://www.nxtbook.com/nxtbooks/iana/imts_2013q4
https://www.nxtbookmedia.com