Trade and Transportation by the Numbers

Global Survey on impact of COVID19 on ports: regional differences becoming more pronounced

AJOT | May 22, 2020 | Ports & Terminals | Ports | By The Numbers

IAPH-WPSP Port Economic Impact Barometer for week 21 also confirms global trend towards decreasing capacity utilization of liquid and dry bulk storage at ports

March 2020 U.S. Airline Cargo Data (Preliminary): International Cargo Weight Down 14%

AJOT | May 21, 2020 | Air Cargo | Freighters | By The Numbers

U.S. airlines carried 1.4% less cargo by weight in March 2020 than in March 2019, according to preliminary data filed with the Bureau of Transportation Statistics (BTS) by 15 of the leading cargo airlines.

US gas production set to hit bottom in November due to Covid-19-related shut-ins and drilling decline

AJOT | May 19, 2020 | Energy | Conventional | By The Numbers

The Covid-19 pandemic has forced oil and gas producers to slash budgets and reduce drilling activity, which in the US always affects future hydrocarbon output as existing fields naturally decline.

Global demand for natural gas will drop 2% in 2020 as Covid-19 lockdowns take toll

AJOT | May 18, 2020 | Energy | Conventional | By The Numbers

Commercial and industrial demand for natural gas is declining as most countries around the world impose lockdowns to limit the spread of the Covid-19 pandemic. Rystad Energy estimates global natural gas demand to fall by almost 2% this year as a result of the lower activity.

Rystad: Oil seen down 10.9%, jet fuel down 33.6%, road fuel down 11.1% in 2020

AJOT | May 15, 2020 | Energy | Conventional | By The Numbers

Rystad Energy’s weekly comprehensive Covid-19 report calculates the effect of the novel coronavirus on our lives and offers updated estimates for global fuel markets.

EIA expects lower natural gas production in 2020

AJOT | May 15, 2020 | Energy | Conventional | By The Numbers

EIA expects U.S. marketed natural gas production to average 94.3 billion cubic feet per day (Bcf/d) in 2020, down from 99.2 Bcf/d in 2019.

FTR Reports April Preliminary Net Trailer Orders Sink to Lowest Level in Modern Era at 300 Units

AJOT | May 15, 2020 | Intermodal | Trucking | By The Numbers

FTR reports preliminary net trailer orders for April sunk to the lowest level in the modern era (since 1990) coming in at just 300 units. April order activity was -95% m/m and -98% y/y. Trailer orders for the past twelve months now total 162,000 units.

Coal transportation rates in the United States decreased for the fifth consecutive year

AJOT | May 12, 2020 | Energy | Conventional | By The Numbers

U.S. delivered coal costs, which reflect commodity and transportation costs, have declined steadily since 2010 (in constant 2017 dollars per ton). In 2019, the average transportation cost of coal was $15.03 per ton, down from $16.07 per ton in 2018. Transportation costs accounted for about 40% of the total delivered cost of coal in 2019, down 1% compared with the previous year. In the past 10 years, coal commodity costs have fallen faster than transportation costs. As a result, transportation's share of the total delivered cost of coal has increased since 2008, when transportation accounted for about one-third of the total cost.

US’ top gas basin for LNG exports set for 20% output decline in a $1.80-$1.90 Henry Hub scenario

AJOT | May 12, 2020 | Energy | By The Numbers

The Haynesville gas basin, arguably the most important basin for liquefied natural gas (LNG) exports in the US due to its proximity to existing and planned terminals, is set for a 20% decline in output towards 2023 if Henry Hub prices average at $1.80-$1.90 per million British thermal unit (MMBtu), a Rystad Energy analysis reveals.

Situation of Piracy and Sea Robbery in Asia for April 2020

AJOT | May 11, 2020 | Maritime | By The Numbers

ReCAAP Information Sharing Centre today issued its April 2020 Report on the situation of piracy and armed robbery against ships in Asia. A summary is appended.

Remote work technology: The one oil and gas services segment that Covid-19 has benefited

AJOT | May 08, 2020 | Energy | Conventional | By The Numbers

There are no hard numbers yet to illustrate the extent to which the Covid-19 pandemic has affected the oil and gas industry’s digitization. However, a Rystad Energy analysis of service companies’ earnings calls reveals a clear growth in cost-saving remote work technologies.

Growth in India’s LNG imports will depend on completion of connecting pipelines

AJOT | May 08, 2020 | Energy | Conventional | By The Numbers

India has been the world’s fourth-largest importer of liquefied natural gas (LNG) since 2011, gradually increasing LNG imports as the country’s domestic natural gas production declined and domestic consumption increased.

FTR Reports North American Class 8 Orders Plunge to the Lowest Level in Modern Era at 4,000 Units

AJOT | May 05, 2020 | Intermodal | Trucking | By The Numbers

FTR reports preliminary North American Class 8 orders plunged for the second month in a row to an unprecedented level of 4,000 units. April order activity was the lowest in the modern era (1996), 44% below March, and 73% less than a year ago. Class 8 orders for the last twelve months now total just 160,000 units.

Low transportation fuel demand and low profitability drive refinery run declines

AJOT | May 04, 2020 | Energy | Conventional | By The Numbers

Transportation fuel demand has decreased since early March 2020 as a result of reduced economic activity and stay-at-home orders aimed at slowing the spread of the 2019 novel coronavirus disease (COVID-19).

Intermodal Falls in the First Quarter COVID-19 Takes Toll on Volumes

AJOT | May 04, 2020 | Intermodal | Trucking | By The Numbers

Total intermodal volumes declined 6.7 percent year-over-year in the first quarter of 2020, according to the Intermodal Association of North America's Intermodal Quarterly report. While domestic containers gained 2.2 percent from 2019, international shipments dropped 11.3 percent and trailers, 23.3 percent. Intermodal_Quarterly_Graph_5.1.20_500X333_1545438.png "The coronavirus is the obvious headwind going into Q2, on top of existing trade issues, and no market segment is immune," said Joni Casey, president and CEO of IANA. "We don't know how long volumes will remain where they are, and recovery will bring its own set of challenges." The seven highest-density trade corridors, which collectively handled 63.0 percent of total volume, were down 7.7 percent in the first quarter. Two recorded double-digit losses: the Midwest-Northwest at 15.1 percent and the South Central-Southwest at 14.7 percent. The negative numbers for the remaining corridors were more moderate: the Midwest-Southwest at 7.7 percent; the Trans-Canada, 7.7 percent; the Southeast-Southwest, 5.4 percent; the Intra-Southeast, 4.7 percent; and the Northeast-Midwest, 2.1 percent. Combined IMC volumes improved over the same period in 2019 with a total 1.6 percent increase. Highway loads were up 2.9 percent, notwithstanding a 0.3 percent loss on intermodal.

WPSP COVID19 Port Economic Impact Barometer for Week 18 reports stabilization or slight improvements

AJOT | May 01, 2020 | Ports & Terminals | Ports | By The Numbers

Upcoming reports will deep dive into regional results, commencing with Europe next week

Shipping demand predicted sharp decline and recovery in the stock markets

AJOT | May 01, 2020 | Maritime | Bulk | By The Numbers

As we all know, March 2020 was a poor month for the stock markets. This was driven by a global sell off in equities due to the expected reduced economic activity from the effects of COVID-19. April 2020 was a great month, with the global markets pricing in a quick recovery.

New Trucking Index Tracks Recovery From COVID-19 Shutdowns, Shows Volumes Bottomed

AJOT | May 01, 2020 | Intermodal | Trucking | By The Numbers

A new index provides visibility on the state of the trucking market as anticipation of an economic restart grows. The COVID-19 Truck Freight Recovery Index shows a sharp mid-March drop that has remained stable for the past two weeks, indicating a bottoming out in the spot market.

Containership Operators’ US Import Totals by TEU

AJOT | April 27, 2020 | Maritime | Liner Shipping | By The Numbers

Top Containership Operators by US Import TUE Totals

Vessels On Order For Select Container Lines