By the Numbers
Hong Kong’s growth slows as Omicron spread weighs on economy
Bloomberg | January 28, 2022 | International Trade | By The Numbers
Hong Kong’s economic growth slowed in the fourth quarter, with the city facing mounting risks in coming months as it struggles to bring an omicron wave under control.
Thai finance ministry maintains 2022 GDP forecast as Covid eases
Bloomberg | January 28, 2022 | International Trade | By The Numbers
Thailand’s finance ministry on Friday maintained its economic growth outlook this year as the easing Covid-19 situation is expected to support local spending and a tentative resumption of tourism.
Gold imports by India hit decade-high as jewelry demand doubles
Bloomberg | January 27, 2022 | International Trade | By The Numbers
Gold imports by India accelerated to the highest level in a decade last year as jewelry sales almost doubled, with the demand outlook remaining bright, according to the World Gold Council.
Upstream M&A deals reached a three-year high of $181 billion in 2021, returning to pre-Covid levels
AJOT | January 21, 2022 | Energy | Conventional | By The Numbers
Global upstream merger and acquisition (M&A) deals rebounded to pre-Covid-19 levels in 2021, reaching a total of $181 billion, a 70% increase over 2020, Rystad Energy research shows. The total deal value for 2021 was the highest in three years and almost reached the highs seen in 2017 and 2018 of $205 billion and $199 billion, respectively.
Global foreign direct investment rebounded strongly in 2021, but the recovery is highly uneven
AJOT | January 21, 2022 | International Trade | By The Numbers
Global foreign direct investment (FDI) flows showed a strong rebound in 2021, up 77% to an estimated $1.65 trillion, from $929 billion in 2020, surpassing their pre-COVID-19 level, according to UNCTAD’s Investment Trends Monitor published on 19 January.
EIA expects U.S. fossil fuel production to reach new highs in 2023
AJOT | January 21, 2022 | Energy | Conventional | By The Numbers
After declining in 2020, the combined production of U.S. fossil fuels (including natural gas, crude oil, and coal) increased by 2% in 2021 to 77.14 quadrillion British thermal units.
Port of New Orleans closes 2021 with major milestones in all four lines of business
AJOT | January 21, 2022 | Ports & Terminals | Ports | By The Numbers
Breakbulk cargo grows nearly 50 percent and Port NOLA progresses toward a second container terminal
FTR’s Trucking Conditions Index for November rebounds to double-digit positive reading
AJOT | January 21, 2022 | Intermodal | Trucking | By The Numbers
FTR’s Trucking Conditions Index (TCI) for November rebounded from October’s 7.75 to a 10.0 reading for the month primarily due to steadier diesel prices. Slightly firmer freight volume and rates also contributed to the gain.
Port of Long Beach sets annual record with 9.38 million TEUs
AJOT | January 19, 2022 | Ports & Terminals | By The Numbers
Milestone for 2021 marked by increased consumer spending during pandemic
Rail traffic for the week ending January 15, 2022
AJOT | January 19, 2022 | Intermodal | Rail | By The Numbers
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 15, 2022.
97 percent of shippers set to increase freight procurement budgets In 2022
AJOT | January 19, 2022 | Logistics | By The Numbers
New research from Sleek Technologies details key trends in freight procurement following last year’s supply chain disruptions
[Freightos Weekly Update] Despite omicron spread in China, limited impacts on logistics so far
AJOT | January 19, 2022 | Maritime | Liner Shipping | By The Numbers
1 Despite detections of omicron and containment measures in several major Chinese port cities, the direct impact on logistics has so far been moderate. This is likely due to restrictions being quite targeted and the fact that no infections have occurred among port workers themselves, as was the case in Yantian this summer. 2 Ex-China ocean rates have increased only moderately on some lanes ahead of Lunar New Year. The congestion and delays at US destination ports may have muted some of the urgency that can sometimes push demand up ahead of LNY.
Port of Corpus Christi finishes fiscal year 2021 with record tonnage
AJOT | January 19, 2022 | Maritime | Breakbulk News | Ports & Terminals | By The Numbers
The Port of Corpus Christi ended 2021 with record tonnage, mainly attributable to an 81.2 percent increase from 2020 in shipments of liquefied natural gas (LNG), while crude oil exports averaged a record 1.76 million barrels per day in 2021, a slight increase over its 2020 record performance. The Port of Corpus Christi’s new annual tonnage record of 167.3 million tons is a 4.7 percent increase over 2020.
New renewable power plants are reducing US electricity generation from natural gas
AJOT | January 18, 2022 | Energy | Alternative | By The Numbers
In our January Short-Term Energy Outlook (STEO), we forecast that rising electricity generation from renewable energy resources such as solar and wind will reduce generation from fossil fuel-fired power plants over the next two years. The forecast share of generation for U.S. non-hydropower renewable sources, including solar and wind, grows from 13% in 2021 to 17% in 2023. We forecast that the share of generation from natural gas will fall from 37% in 2021 to 34% by 2023 and the coal share will decline from 23% to 22%.
ATA truck tonnage index increased 1% in December
AJOT | January 18, 2022 | Intermodal | Trucking | By The Numbers
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1% in December after rising 0.5% in November. In December, the index equaled 114.7 (2015=100) compared with 113.5 in November.
DAT: Spot van rate hits $3 milestone in December, up 54 cents year over year
AJOT | January 18, 2022 | Intermodal | Trucking | By The Numbers
Van and refrigerated (“reefer”) truckload freight rates hit new highs in December, with national average prices up 21.9% and 29.5% respectively compared to the same period a year ago, said DAT Freight & Analytics, which operates the industry’s largest marketplace for spot truckload freight and the DAT iQ data analytics service.
Boston area gasoline prices were up $1.32 compared to last December when they averaged $2.16 per gallon
AJOT | January 14, 2022 | Intermodal | Trucking | By The Numbers
The New England Information Office of the U.S. Bureau of Labor Statistics (BLS) has released price data for select energy commodities and services from the Boston Consumer Price Index (CPI) for December 2021.
NRF: 2021 holiday sales grew 14.1 percent to record $886.7 billion
AJOT | January 14, 2022 | International Trade | By The Numbers
Retail sales during 2021’s November-December holiday season grew 14.1 percent over 2020 to $886.7 billion, easily beating the National Retail Federation’s forecast and setting a new record despite challenges from inflation, supply chain disruptions and the ongoing pandemic, NRF said today.
EIA forecasts natural gas prices to remain near $4/MMBtu in 2022, slightly lower in 2023
AJOT | January 14, 2022 | Energy | Conventional | By The Numbers
In our January Short-Term Energy Outlook (STEO), we forecast that the natural gas spot price at the U.S. benchmark Henry Hub will average $3.79 per million British thermal units (MMBtu) in 2022, slightly less than its 2021 average of $3.91/MMBtu.
The Valencia Containerised Freight Index (VCFI) stabilises its growth with an increase of 4.14% in December
AJOT | January 14, 2022 | Ports & Terminals | Ports | By The Numbers
This increase continues the trend of the last five months of the year, where monthly increases have been more moderate than in the January-July period
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