By the Numbers

XPO reports highest revenue of any quarter in company history
XPO reports highest revenue of any quarter in company history

AJOT | February 09, 2022 | Logistics | By The Numbers

Expects 2022 adjusted operating ratio in North American LTL to inflect to year-over-year improvement mid-year

Oil prices falling on hopes of progress in Iran negotiations and cooling Eastern Europe tensions – Rystad Energy

AJOT | February 08, 2022 | Energy | Conventional | By The Numbers

Oil markets are falling this morning on hopes that Iranian crude will reenter the market in the coming months, and Russia-Ukraine tensions are cooling.

DAT to integrate PIERS import-export data

AJOT | February 08, 2022 | Intermodal | By The Numbers

DAT Freight & Analytics announced an agreement with IHS Market PIERS to add import and export data into DAT iQ’s RateView and Benchmark Analytics reporting.

Rystad: Hydropower floodgates opening
Rystad: Hydropower floodgates opening

AJOT | February 07, 2022 | Energy | Alternative | By The Numbers

2022 investments set to soar and drive global capacity to above 1,200 GW The hydropower market will continue its upward trajectory in 2022 as global capacity exceeds 1,200 gigawatts (GW) for the first time and investments climb to $36.3 billion, Rystad Energy research shows. As the energy transition gathers pace and countries search for reliable, large-scale infrastructure projects to meet future demand, hydropower is solidifying its position as the most popular renewable energy source. Hydropower accounts for almost one-sixth of the world’s power generation, trailing only coal and natural gas. The industry’s contribution to power generation is nearly 60% higher than nuclear energy and greater than all other renewables combined, including wind, solar PV, bioenergy and geothermal. Power generated through hydropower rose slightly in 2021 to 4,414 terawatt-hours (TWh), up from 4,360 TWh in 2020, while capacity of nearly 17 GW was added in 2020, followed by another 14 GW in 2021. Investments in the sector slowed somewhat before 2020 as other renewable sources such as wind and solar PV gained momentum, a situation exacerbated by delays to several major hydropower projects and some regions’ lack of policy changes, which also stunted growth. The industry is, however, experiencing a renaissance as countries are increasingly motivated to find suitable renewable options to decarbonize their energy supply. “Hydropower is the backbone of low-carbon electricity generation and has been rising since the 1970s. Over the last two decades, the installed global capacity of hydropower has grown from 680 GW in 2000 to nearly 1,200 GW in 2021, a surge of more than 75%,” says Rystad Energy analyst Karan Satwani. Learn more in Rystad Energy’s PowerCube. Hydropower around the world China remains the world leader in total installed hydropower capacity with over 340 GW, more than triple the capacity of runner-up Brazil with 112 GW. The US (84 GW), Canada (81 GW) and Russia (50 GW) round out the top-five list for hydropower generation globally, followed by India (47 GW), Norway (33 GW), Turkey (30 GW) and Japan (23 GW). In recent years, Asian and South American countries, led by China and Brazil, have driven global capacity additions while other continents have stayed relatively flat. Combined installed capacity in Asia has risen from 462 GW in 2017 to an expected 514 GW in 2022, whereas total capacity in South America has climbed from 175 GW to an expected 192 GW over the same period. Looking at 2022, China’s Baihetan hydropower project, which began operations from two of its 16 units in June 2021, will be able to produce up to 16 GW of energy annually once fully operational later this year. This will make it the second biggest hydroelectric project globally, eclipsed only by another Chinese mega-development, the Three Gorges Dam project in Hubei province. The Wudongde hydropower plant, another ambitious Chinese development, began full operations in June last year with an installed capacity of 10.2 GW, making the project the seventh-largest hydropower project worldwide. Most of the capacity additions until 2030 are expected to come from large-scale projects in Asia and Africa. In Africa specifically, installed capacity is expected to grow at a combined annual growth rate of 2.5% from 2017 to 2023, driven by Ethiopia, Mozambique and Uganda. Most of the large-scale projects in Asia and Africa are managed by state-owned companies. We expect a slowdown in the pace of hydropower development in China over the coming years due to growing concerns over environmental impact and the shrinking availability of economically attractive sites for large projects. However, India's new long-term targets and financial incentives are expected to unlock a large pipeline of previously stalled projects as the government aims to boost hydropower capacity by about 55% this decade and reach 73 GW by 2030. No significant capacity additions are expected in North America and Europe for at least two years. Still, fleet modernization will be a priority in both continents during this decade. On a regional basis, Sub-Saharan Africa and Asia-Pacific are expected to grow, as untapped potential is being developed to meet rising energy demand. These regions also need cost-effective power generation to expand electrification. This decade, a considerable portion of investments will be spent on modernizing aging plants in advanced economies. In addition, significant investments are required for existing infrastructure, including upgrades, replacements and the addition of turbines. Most of the spending on modernization will be in North America, Europe and Eurasia, where most of the world’s aging fleet is located. Investments will be required to restore performance and adapt plants to operating conditions that have changed since the plants were built. Overall, the proportion of investments spent on modernizing and maintaining existing hydropower facilities and infrastructure will be significantly higher than spending on the construction of new power plants in younger markets.

LNG supply and demand creates continued volatility
LNG supply and demand creates continued volatility

AJOT | February 07, 2022 | Energy | Conventional | By The Numbers

As European gas prices continue to make headlines across the world, SSY LNG analyst Thanos Felios looks at what’s behind the rise of LNG prices and the impact this has on the LNG Shipping market.

Oil markets in wait-and-see mode as prices drop slightly from multi-year highs – Rystad Energy

AJOT | February 07, 2022 | Energy | Conventional | By The Numbers

Oil markets are mixed this morning, buoyed by positive US-Iran discussions but dampened by continuing supply issues and Covid-19 concerns, especially in Asia.

Pennsylvania sent more electricity to neighboring states than any other state in 2020
Pennsylvania sent more electricity to neighboring states than any other state in 2020

AJOT | February 07, 2022 | Energy | Conventional | By The Numbers

More than 230 million MWh of electricity was generated in Pennsylvania during 2020, exceeding electricity generation in all states except for Texas and Florida.

Port congestions may have severe ramifications for the US trade deficit in 2022
Port congestions may have severe ramifications for the US trade deficit in 2022

AJOT | February 07, 2022 | Maritime | Liner Shipping | By The Numbers

While the focus has been on the continued port congestion leading to berthing delays, there is a new concern - decreasing port volumes that could negatively affect global trade.

WorldACD: Trends for the past 5 weeks (wk 4)
WorldACD: Trends for the past 5 weeks (wk 4)

AJOT | February 07, 2022 | Air Cargo | Freighters | By The Numbers

WorldACD's latest views on air cargo market developments, covering each of the last 5 weeks up till Sunday 30 January.

U.S. transportation sector unemployment rate up to 4.7% in January
U.S. transportation sector unemployment rate up to 4.7% in January

AJOT | February 07, 2022 | Logistics | By The Numbers

Remains above pre-pandemic level of 3.4% in January 2020

Fourkites Winter Story Landon analysis
Fourkites Winter Story Landon analysis

AJOT | February 07, 2022 | Logistics | By The Numbers

Landon has impacted the Rockies, Midwest, Plains and South since Tuesday night, and moved to the Northeast on Friday.

Fertilizer prices jump in North America on race for supplies

Bloomberg | February 04, 2022 | International Trade | Commodity | By The Numbers

North American fertilizer prices rose the most in almost five months this week as a global competition for supplies means farmers could still have a ways to go before seeing relief from high nutrient costs.

Utilities’ carbon-reduction goals will have little impact on U.S. CO2 emissions
Utilities’ carbon-reduction goals will have little impact on U.S. CO2 emissions

AJOT | February 04, 2022 | Energy | Alternative | By The Numbers

Executing several plans announced by U.S. power utilities to reduce carbon dioxide (CO2) emissions would have a minor effect on U.S. energy-related CO2 reductions, according to the analysis we published earlier this week.

Oil prices rally to seven-year highs on tight supply outlook, cold snaps

AJOT | February 04, 2022 | Energy | Conventional | By The Numbers

Global oil markets are tightening today and prices surging on supply concerns and rising demand as a result of widespread winter storms in the US.

VCFI starts the year with an increase of 4.9%
VCFI starts the year with an increase of 4.9%

AJOT | February 04, 2022 | Ports & Terminals | Ports | By The Numbers

Growth in demand, fuel prices and congestion in ports in the USA and China are factors influencing the increase in the value of the Index

WorldACD trends for the past 5 weeks (wk 3)
WorldACD trends for the past 5 weeks (wk 3)

AJOT | January 28, 2022 | Air Cargo | Airlines | By The Numbers

WorldACD's latest views on air cargo market developments, covering each of the last 5 weeks up till Sunday 23 January.

Permian new well productivity set to breach 1,000 boepd in 2022 on record lateral footage
Permian new well productivity set to breach 1,000 boepd in 2022 on record lateral footage

AJOT | January 28, 2022 | Energy | Conventional | By The Numbers

The average productivity of new wells in the Permian Basin is set to hit a record high in 2022, breaching past 1,000 barrels of oil equivalent per day (boepd) due to a surge in lateral well length, Rystad Energy research indicates.

EIA forecasts OPEC production will grow in 2022 despite recent production outages in Libya
EIA forecasts OPEC production will grow in 2022 despite recent production outages in Libya

AJOT | January 28, 2022 | Energy | Conventional | By The Numbers

In EIA's January Short-Term Energy Outlook (STEO), we forecast that OPEC petroleum production will increase by nearly 2.7 million barrels per day (b/d) in 2022, the largest year-over-year increase in OPEC production since 2004.

China ports container volume rises 7.0% in 2021

AJOT | January 28, 2022 | Ports & Terminals | Ports | By The Numbers

Ningbo Containerized Freight Index remains stable in January 2022

Volvo flags price rises on truck demand, supply chain costs

Bloomberg | January 28, 2022 | Intermodal | Trucking | By The Numbers

Volvo Group said strong demand for trucks coupled with a strained supply chain and higher costs for raw materials and freight will continue to drive inflation.

© Copyright 1999–2024 American Journal of Transportation. All Rights Reserved