As the retail shopping season nears the finish line, December import volumes confirm a non-existent peak season in the retail sector. According to IHS Markit, TEU, (twenty-foot equivalent unit) import volumes were down 1% m/m and 12% y/y in December, and unlike prior years, import volumes are slowing rapidly. Since the peak in imports in…
We’ve all seen them driving along our interstates and in cities, thousands of huge oil storage tanks storing various products, including crude oil, gasoline, diesel, jet fuel, and more. Refiners often have clusters of storage tanks at their locations to maintain a running inventory of crude oil and store finished products before shipment. They are…
The outlook for flatbed carriers in the housing construction industry continues to worsen. According to the National Association of Home Builders (NAHB), homebuilder sentiment in November dropped for the 12th straight month to the lowest since 2012. Regionally, the sentiment was strongest in the Northeast and weakest in the West, where prices are highest. Single-family…
As the early stages of the 2023 produce season begin in southern latitudes, including Florida and Arizona, the 2022 calendar year was a disappointment for reefer carriers. The year ended with total produce volumes at 2016 levels. According to the USDA, weekly truckload volumes of produce ended the year down by 8.5% compared to the…