By Christina Ellington Import volumes are rising, and port congestion may not be far behind. The Freight Analysis Framework (FAF) indicates that approximately 5% of domestic truckload freight tonnage comes directly from Imports. According to the latest data from PIERS, Imports for May are up 3% m/m and 6% y/y. For the CA ports of…
Just over two years ago, U.S. consumers embarked on a spending spree that initially began with overstocking pantries with daily essentials and then quickly transitioned into buying record levels of physical goods for working, living, eating, and sleeping more at home. The pandemic changed many things in our daily lives but none more so than…
By Christina Ellington As fuel prices continue to rise with no apparent end in sight, oil companies can’t drill wells quickly enough to meet the growing demand. According to Baker Hughes, the national count shows a 61% y/y increase of weekly active drilling rigs as drilling companies react to recent supply and demand challenges. Oil…
By Christina Ellington Even with record sales of grills this summer, the volume of goods in cold storage (meats, dairy products, poultry products, fruits, nuts, and vegetables in public, private, and semi-private refrigerated warehouses) is much lower to start the grilling season. According to the USDA, volumes in cold storage are down 13% year-to-date (YTD)…