Intermodal Market Trends & Statistics - 2nd Quarter 2017 - 10
Current Trucking Indicators
APR
MAY
JUN
Comments
Class 8 Net Orders (FTR)
Actual
23,538 16,419 17,610
Y/Y % Change
76.8%
17.7%
38.5%
National Avg. Diesel/Gal (EIA)
Actual
$2.583 $2.560 $2.511
Y/Y % Change
20.0%
10.6%
U.S., Canada and Mexico Domestic
Economies
3.6%
Class 8 orders fell in May but
gained in June. Most truck
freight metrics show 3-4%
growth.
Oil prices are stable in the $50
range. There likely won't be
large swings in 2017.
Driver Labor Availability Index (1992=100)
Actual
125.6
125.4
--
M/M % Change
0.1%
-0.2%
--
Y/Y % Change
0.4%
0.5%
--
Short-Term Trucking Outlook
Forecast
History
17Q2
17Q4
18Q1
99.4%
100.0%
100.0%
99.5%
150,629
151,952
153,560
154,575
155,652
% Change, Q/Q
1.0%
0.9%
1.1%
0.7%
0.7%
% Change, Y/Y
4.2%
4.3%
4.7%
3.6%
3.3%
Index (1992=100)
125.1
125.3
125.5
125.7
126.0
% Change, Q/Q
-0.2%
0.1%
0.2%
0.2%
0.2%
% Change, Y/Y
0.3%
-0.1%
0.2%
0.3%
0.7%
147.8
149.9
152.7
154.7
155.6
Active Truck Utilization
99.0%
17Q3
18Q2
Cl. 8 Tractor/Trailer Loadings Originated
000s of Loadings
Driver Labor Availability Index
Truck Share of Employment Index
Index (1992=100)
Driver Labor Hiring Conditions
Green/Yellow/Red
Critical
Critical
Critical
Critical
Critical
Truck Loadings Originated
12%
Yr/Yr % Change
10%
8%
6%
4%
2%
0%
2011
2011
2011
2011
2012
2012
2012
2012
2013
2013
2013
2013
2014
2014
2014
2014
2015
2015
2015
2015
2016
2016
2016
2016
2017
2017
-2%
Source for all charts on this page: FTR Transportation Intelligence
10
Intermodal Market Trends & Statistics Report | Second Quarter 2017 | © IANA 2017
Second quarter U.S. GDP was not
available at the time of publication,
however estimates put growth between
2.6-3.0%. During that time, consumer
spending reached 3.4% year-over-year,
and non-residential investment rose
to 4.0%. Residential investment came
in at 6.2% year-over-year, about half
of first quarter growth. Housing starts
dipped in May, and may be leveling
off. Manufacturing remains strong,
particularly in durable goods. The ISM
manufacturing index rose from 54.0
to 57.8 in June. Supported partially by
manufacturing, 222,000 new jobs were
added in June. The unemployment rate
in June ticked up slightly to 4.4% from
4.3% in May, indicating an increase in
labor force participation. The Federal
Reserve is expected to raise interest rates
at least once more in 2017, in spite of
low inflation. Finally, the risk of recession
has risen slightly. Estimates range from
11.0% to 15.0%. Recessions are difficult
to predict, but the likelihood remains low.
GDP is expected to remain around
2.0% to 2.5% in the second half of 2017.
Consumption is forecasted to decline
below 3.0%, but investment should
remain steady. Government spending
is expected to grow modestly and net
exports are forecasted to decline. While
GDP will likely gain by more than 2.0%, it
is not expected to exceed 3.0%.
Canadian GDP came in at 3.7% yearover-year growth in Q1 2017. This was
the third quarter in a row of substantial
positive growth. The economy added over
100,000 jobs in the second quarter, and
exports and manufacturing both showed
healthy improvements. Real estate, while
showing much regional variation, also
continues to climb. For these reasons, the
Bank of Canada raised interest rates from
0.5% to 0.75% in July, the first increase
in two years. The effect on households,
which carry debt at 167% of disposable
income, has yet to be seen.
Table of Contents for the Digital Edition of Intermodal Market Trends & Statistics - 2nd Quarter 2017
Key Take-Aways
Second Quarter 2017 Rail Volume Results
Seasonally Adjusted Intermodal Volume
Key Corridor Results
Key Corridor Growth
Intermodal Outlook
Intermodal Long-Term Trends
Second Quarter 2017 IMC Results
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
South Central
Southeast
Southwest
Western Canada
Major Intermodal Corridors
Data Providers
Region Map
Notes to Report
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - Key Take-Aways
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - Second Quarter 2017 Rail Volume Results
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - 3
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - Key Corridor Results
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - Intermodal Outlook
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - Intermodal Long-Term Trends
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - Second Quarter 2017 IMC Results
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - Trucking Industry Outlook
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - 9
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - U.S., Canada and Mexico Domestic Economies
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - 11
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - Equipment Moves by Type, Ownership and Size
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - Mountain Central
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - Mexico
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - Northwest
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - Southeast
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - Western Canada
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - Major Intermodal Corridors
Intermodal Market Trends & Statistics - 2nd Quarter 2017 - Region Map
Intermodal Market Trends & Statistics - 2nd 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