Food loadings up 0.2% in May
July 16, 2012
April loadings were revised significantly higher and that has noticeably improved our outlook for 2012. Despite that good news we still expect food loadings to remain negative for the year as we see very limited growth for the remainder of 2012. Food loadings in May rose just 0.2%, after jumping 1.2% in April, to 8.589 million loadings. Year-over-year growth remains negative but has become less negative of late, down 0.9% in May.
Analysis
This is a more non-cyclical market segment and generally stays within a narrow band. People always have to eat. The food cycle is now at the point where we will see growth well below industry averages. We anticipate that volume levels will be essentially flat for the next year before starting to move higher once we get to the end of 2013.
Recent history
As stated above, food movements tend to be less cyclical than other markets. On an annual basis volumes grew between 1% and 2% from 2008 to 2011.Food freight was relatively stable from 2006 to 2008. Volumes were surprisingly strong throughout 2008. During the downturn volumes only had 2 quarters of significant quarter-over-quarter declines. This was during the middle of 2009. It was also the only truck segment to show growth in 2009, up 2.1%. Volumes rebounded solidly during 2010, but only recorded growth of 1.4% for the full year. Volumes slowed throughout 2011 but started the year at a high level so annual growth improved to 1.9%. The revised surge in April has improved the likelihood that we have finally bottomed out of this slump.
Outlook
We don’t expect to see significant quarter-over-quarter increases in loadings until late 2013, and year-over-year growth will not return to solidly positive territory until we are into 2013. After several years of growth, food loadings are looking to fall 0.6% in 2012 (previously -1.7%) before turning (slightly) positive and growing 0.8% in 2013 and 1.6% in 2014.
NOTE:
Food Products are movements of processed foods. This includes such items as cut meats, dairy products, canned goods, milled grain products, sugars, and beverages. It does not include farmed crops or livestock. FTR’s data is seasonally adjusted and measures both short and long-haul OTR segments.
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Upgrade to a Premium MemberRecent Indicators
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Trucking Conditions Index rises sharply
January 9, 2013
Conditions index dips after big improvement
December 14, 2012
Trucking Conditions Index moves higher in August
October 4, 2012
Trucking Conditions Index still under 5.0
August 31, 2012
Trucking Conditions Index drops
July 31, 2012
Truck Loadings Outlook
Truck loadings stronger in July, up 0.7%
August 29, 2012
Truck loadings grow in June
July 24, 2012
Truck loadings rise again in May
July 2, 2012
Truck loadings rebound in April
May 30, 2012
Truck loadings disappoint in March
April 25, 2012
Loadings By Segment
Bulk/dump loadings jump 1.3% in July
September 27, 2012
Tank loadings drop 0.2% in July
September 27, 2012
Flatbed loadings surge 1.9% in July
September 27, 2012
Refrigerated loadings rebound 0.6% in July
September 27, 2012
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September 27, 2012
Loadings By Commodity
Automotive loadings fall 2.7% in July
September 27, 2012
Bulk aggregates loadings up 1.1% in July
September 27, 2012
Construction loadings improve in July
September 27, 2012
Chemical loadings better than expected, still down
September 27, 2012
Food loadings up 0.5% in July
September 27, 2012
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Trucking Conditions Index rises sharply
January 9, 2013
Conditions index dips after big improvement
December 14, 2012
Trucking Conditions Index moves higher in August
October 4, 2012
Trucking Conditions Index still under 5.0
August 31, 2012
Trucking Conditions Index drops
July 31, 2012
Truckload Rates Outlook
Truckload rates improved in June
September 27, 2012
Rates weakest since early 2010
August 15, 2012
TL rates staying soft in Q2
July 16, 2012
TL rates slowed during Q1
June 19, 2012
TL rates stronger to start 2012
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May 6, 2013
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April 30, 2013
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April 22, 2013
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August 16, 2012
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July 16, 2012
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June 19, 2012
Carrier cost growth set to exceed 5% in 2012
March 13, 2012
Carrier costs grow 10% in 2011
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Diesel Outlook
Diesel prices increase faster than expected
August 23, 2012
Diesel price outlook moves lower
July 23, 2012
Diesel price outlook lower for 2012
June 21, 2012
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May 23, 2012
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Weekly On-Highway Diesel Price
Diesel price rises in DOE’s 1,000th week of data
May 13, 2013
Diesel price dips slightly to $3.845
May 6, 2013
Diesel price falls 3.6 cents to $3.851
April 30, 2013
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April 22, 2013
Diesel price drops 3.5 cents to $3.942
April 15, 2013
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Trucking Conditions Index rises sharply
January 9, 2013
Conditions index dips after big improvement
December 14, 2012
Trucking Conditions Index moves higher in August
October 4, 2012
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August 31, 2012
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July 31, 2012
Truck Utilization Outlook
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August 29, 2012
Truck utilization unchanged in June
July 26, 2012
Truck utilization steady in May
July 2, 2012
Truck utilization rises again in April
May 30, 2012
Truck utilization rises to start 2012
April 30, 2012
New Truck Order Activity
Preliminary truck orders down in September
October 4, 2012
Preliminary truck orders rebound in August
September 13, 2012
July truck orders weakest since 2010
August 23, 2012
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August 2, 2012
Truck orders fall in June
July 23, 2012
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Fleet failures hit a record low in Q2
July 31, 2012
Trucking failures remain very low
May 9, 2012
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November 1, 2011
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Truck Transportation Payroll Employment
Trucking adds 11,700 jobs in April
May 3, 2013
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April 5, 2013
Trucking adds 5,600 jobs in February
March 8, 2013
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Trucking Conditions Index rises sharply
January 9, 2013
Conditions index dips after big improvement
December 14, 2012
Trucking Conditions Index moves higher in August
October 4, 2012
Trucking Conditions Index still under 5.0
August 31, 2012
Trucking Conditions Index drops
July 31, 2012
GDP Outlook
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August 23, 2012
GDP forecast moves lower
July 23, 2012
GDP forecast risks are rising
June 19, 2012
GDP forecast relatively unchanged
May 18, 2012
U.S. economy is muddling along
April 20, 2012
Industrial Production Outlook
Manufacturing has slowed, but still growing
August 23, 2012
Manufacturing outlook moves lower
July 24, 2012
Manufacturing outlook dips
June 25, 2012
Manufacturing rebounds in April
May 22, 2012
Manufacturing takes a breather
April 20, 2012
Diesel Outlook
Diesel prices increase faster than expected
August 23, 2012
Diesel price outlook moves lower
July 23, 2012
Diesel price outlook lower for 2012
June 21, 2012
Little change in diesel price outlook
May 23, 2012
EIA sees near-term stability in diesel prices
May 9, 2012
Housing Starts
Housing starts up 7% in March
April 16, 2013
Housing permits up 4.6% in February
March 19, 2013
Housing starts down but still strong
February 20, 2013
Housing starts jump 12.1% in December
January 17, 2013
Housing indicators mixed in November
December 19, 2012
Business Inventories-to-Sales
Business inventories rise in January
March 13, 2013
Sales outpace inventories in November
January 15, 2013
Inventories-to-sales ratio holds steady
January 12, 2012
Inventories relative to sales are lean and steady
December 13, 2011
Inventories grow leaner relative to sales
November 17, 2011
Manufacturing Orders
Factory orders down in March
May 3, 2013
Durable goods orders fall 5.7%
April 24, 2013
Aircraft sector spurs jump in durable goods orders
March 26, 2013
Durable goods orders up 4.6%
January 28, 2013
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November 27, 2012
Retail Sales
Retail sales edge higher in April
May 13, 2013
Retail sales up in November
December 13, 2012
Retail sales dip in October
November 14, 2012
Retail sales dip from May
July 16, 2012
Retail sales nearly flat in April
May 15, 2012
ISM Manufacturing Index
ISM: Manufacturing growth slows in April
May 1, 2013
ISM: Manufacturing growth slows in March
April 1, 2013
ISM: Manufacturing sector strong in February
March 1, 2013
ISM index rises in January
February 1, 2013
ISM manufacturing index rises in December
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Driver Labor Index
FTR Driver Labor Index drops again in August
September 13, 2012
FTR Driver Labor Index drops in July
August 8, 2012
FTR Driver Labor Index ticks up
July 9, 2012
FTR Driver Labor Index jumps
June 6, 2012
Driver Labor Index falls in April
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Driver Shortage Outlook
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September 13, 2012
Driver shortage rises slightly in Q2
August 15, 2012
Driver shortage staying moderately tight
July 16, 2012
Driver shortage outlook lowered
June 14, 2012
Driver shortage increasing again
May 11, 2012
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June 9, 2011
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March 17, 2011
Truck Transportation Payroll Employment
Trucking adds 11,700 jobs in April
May 3, 2013
Trucking sheds 6,900 jobs in March
April 5, 2013
Trucking adds 5,600 jobs in February
March 8, 2013
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February 1, 2013
Trucking adds 4,200 jobs in December
January 4, 2013
New Truck Order Activity
Preliminary truck orders down in September
October 4, 2012
Preliminary truck orders rebound in August
September 13, 2012
July truck orders weakest since 2010
August 23, 2012
Preliminary truck orders suffer large drop in July
August 2, 2012
Truck orders fall in June
July 23, 2012
New Truck Lead Time
New truck lead time ticks up in July
August 23, 2012
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July 23, 2012
New truck lead time falls in May
June 21, 2012
Truck lead times steady in April
May 23, 2012
Truck lead times shorten
April 24, 2012
Truck Utilization Outlook
Truck utilization stays near 95% in July
August 29, 2012
Truck utilization unchanged in June
July 26, 2012
Truck utilization steady in May
July 2, 2012
Truck utilization rises again in April
May 30, 2012
Truck utilization rises to start 2012
April 30, 2012
Equipment Costs
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September 8, 2011
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June 9, 2011
Carriers’ equipment costs are set for a strong rise
March 17, 2011
Intermodal Loadings Outlook
Intermodal loadings down 0.8% in July
September 13, 2012
Intermodal loadings up 0.2% in June
August 14, 2012
Intermodal loadings strong in May
July 9, 2012
Intermodal loadings growth below expectations
June 6, 2012
Intermodal market trudges along in March
May 7, 2012
Intermodal Rates Outlook
Intermodal rates slowed during 2011
June 12, 2012
Intermodal rates are staying strong
October 5, 2011
Intermodal rates accelerated during Q2
August 31, 2011
Intermodal rates have eased recently, but will stay strong
July 11, 2011
Intermodal rates remain strong, ready to surge
May 11, 2011
West Coast Port Activity
Port activity fell in July
September 5, 2012
Port activity up for 4th straight month
August 8, 2012
Port activity shows seasonal growth
July 9, 2012
Port activity strong in April
June 12, 2012
Port activity rebounded in March
May 7, 2012
Dry Van
Dry van loadings continue growth in July
September 27, 2012
Dry van loadings up in June, Q2 revised higher
July 25, 2012
Dry van loadings up 0.3% in May
July 5, 2012
Dry van loadings up 0.7% in April
May 31, 2012
Dry van loadings flat in March
May 3, 2012
Refrigerated
Refrigerated loadings rebound 0.6% in July
September 27, 2012
Refrigerated loadings drop 0.5% in June
July 25, 2012
Refrigerated loadings up 0.2% in May
July 5, 2012
Refrigerated loadings up in April but outlook reduced
May 31, 2012
Refrigerated loadings flat in Q1
May 3, 2012
Flatbed
Flatbed loadings surge 1.9% in July
September 27, 2012
Flatbed loadings up 0.4% in June
July 25, 2012
Flatbed loadings up 0.6% in May
July 5, 2012
Flatbed rebounded 1.7% in April
May 31, 2012
Flatbed loadings drop in March
May 3, 2012
Tank
Tank loadings drop 0.2% in July
September 27, 2012
Tank loadings jump 1.1% in June
July 25, 2012
Tank loadings unchanged in May
July 5, 2012
Tank loadings jump in April
June 4, 2012
Tank loadings dip in March
May 3, 2012
Bulk / Dump
Bulk/dump loadings jump 1.3% in July
September 27, 2012
Bulk/dump loadings down 0.6% in June
July 25, 2012
Bulk/dump loadings up 0.2% in May
July 5, 2012
Bulk/dump loadings up in April
June 4, 2012
Bulk/dump loadings drop sharply
May 3, 2012
Automotive loadings fall 2.7% in July
September 27, 2012
Bulk aggregates loadings up 1.1% in July
September 27, 2012
Construction loadings improve in July
September 27, 2012
Chemical loadings better than expected, still down
September 27, 2012
Food loadings up 0.5% in July
September 27, 2012
Dry Van
Dry van rates are easing but still strong
April 25, 2012
Dry van rates hit double-digit gains in Q2
September 1, 2011
Dry Van rates are improving, should be strong this fall
June 7, 2011
Refrigerated
Refrigerated rates remain relatively stable
May 3, 2012
Growth in refrigerated rates remains stable
September 1, 2011
Reefer rates are growing, outlook is slightly less robust
June 7, 2011
Flatbed
Flatbed rates stay strong to start 2012
April 25, 2012
Flatbed rates are staying strong
October 5, 2011
Flatbed rates continue to remain strong
July 18, 2011
Tank
Tank rates are down so far in 2011
September 8, 2011
Tank rates have been weak, finally growing
May 11, 2011
Bulk / Dump
Intermodal
Intermodal rates slowed during 2011
June 12, 2012
Intermodal rates are staying strong
October 5, 2011
Intermodal rates accelerated during Q2
August 31, 2011
Intermodal rates have eased recently, but will stay strong
July 11, 2011
Intermodal rates remain strong, ready to surge
May 11, 2011
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