Trade and Transportation by the Numbers

EIA projects air-conditioning energy use to grow faster than any other use in buildings

AJOT | March 13, 2020 | Energy | Conventional | By The Numbers

In the Annual Energy Outlook 2020 (AEO2020) Reference case, the U.S. Energy Information Administration (EIA) projects that delivered energy for air conditioning will increase more than any other end use in residential and commercial buildings (also known as the buildings sector) through 2050, while energy consumption for space heating will decline.

Overseas Shipholding Group reports 2019 financial results

AJOT | March 13, 2020 | Maritime | Bulk | By The Numbers

Overseas Shipholding Group, Inc. (the “Company” or “OSG”), a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, today reported results for the fourth quarter and full year 2019.

PAO Sovcomflot) 2019 financial results announced

AJOT | March 13, 2020 | Maritime | By The Numbers

2019 financial results see robust growth across key metrics and strategy on track

SC Ports reports strong cargo volumes in February

AJOT | March 09, 2020 | Ports & Terminals | Ports | By The Numbers

S.C. Ports Authority saw steady container volumes in early 2020 and recorded the highest February ever for both cargo volumes and rail moves at inland ports.

US light oil production guided to grow by 8.1% in 2020, despite lower capex

AJOT | March 09, 2020 | By The Numbers

Light oil production in the United States is guided to grow by 8.1% year-on-year, according to Rystad Energy’s analysis of the latest shale E&P guidance, despite an expected decrease in capital expenditure, which is estimated to drop by 11% compared to 2019.

U.S. natural gas consumption sets new record in 2019

AJOT | March 03, 2020 | Energy | Conventional | By The Numbers

U.S. natural gas consumption increased by 3% in 2019, reaching a record of 85.0 billion cubic feet per day (Bcf/d), according to the U.S. Energy Information Administration’s (EIA) recently released Natural Gas Monthly. New natural gas-fired electric capacity and lower natural gas prices led the increase in domestic natural gas consumption.

U.S. crude oil production grew 11% in 2019, surpassing 12 million barrels per day

AJOT | March 02, 2020 | Energy | Conventional | By The Numbers

Annual U.S. crude oil production reached another record level at 12.23 million barrels per day (b/d) in 2019, 1.24 million b/d, or 11%, more than 2018 levels.

US BTA North American Freight Data, Annual 2019

AJOT | March 02, 2020 | International Trade | By The Numbers

This release provides an annual summary of North American Transborder freight by mode. In the previous release, BTS reported that trucks were the most heavily utilized mode in 2018 for moving goods to and from both Canada and Mexico, carrying 63% of the freight transported. Trucks accounted for $772 billion of the $1.2 trillion in freight flows with Canada and Mexico in 2018. Rail accounted for $179 billion, almost 15%. Previous release Database

WCD: only the prelude to an extraordinary Q1 2020

AJOT | March 02, 2020 | Air Cargo | General | By The Numbers

At the time of writing, it had become very clear that the first quarter of 2020 (and quite possibly the months beyond) will turn out to be an extraordinary period for the world and for world trade, and thus for air cargo.

Rystad Energy: Coronavirus to delay most of 2020’s FPSO deliveries and postpone $30 billion of E&P investments

AJOT | February 28, 2020 | Energy | By The Numbers

Out of a global total of 28 floating production, storage and offloading (FPSO) vessels that are under construction, 22 are being built at shipyards in China, South Korea and Singapore.

Descartes acquires Peoplevox

AJOT | February 24, 2020 | Logistics | By The Numbers

Descartes Systems Group announced that it has acquired Peoplevox, a leading provider of cloud-based ecommerce warehouse management solutions

EIA revises global liquid fuels demand growth down because of the coronavirus

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

In the February 2020 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that global liquid fuels demand will average 101.7 million barrels per day (b/d) in 2020, 1.0 million b/d more than the 2019 average but 378,000 b/d less than was forecast in the January 2020 edition of the STEO.

ATA Truck Tonnage Index Rose 0.1% in January

AJOT | February 18, 2020 | Intermodal | Trucking | By The Numbers

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.1% in January after rising 0.5% in December. In January, the index equaled 117.4 (2015=100) compared with 117.3 in December.

[Freightos:Coronavirus uncertainty continues as recovery is slow

AJOT | February 18, 2020 | Maritime | Liner Shipping | By The Numbers

The effects of the coronavirus outbreak continued to reverberate across the global supply chain this week, as China took its first but slow steps back to work and uncertainty persists throughout the industry.

Guyana-Suriname Basin poised for upgrade while oil firms prep to splurge billions on Stabroek

AJOT | February 14, 2020 | Energy | Conventional | By The Numbers

Recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates, drawing extra attention to upcoming wells. Meanwhile global oil firms are preparing to spend more than $53 billion in Guyana’s coveted Stabroek Block during the coming decade, Rystad Energy research shows.

Natural gas prices fall to lowest level since 2016, the lowest February prices in 20 years

AJOT | February 14, 2020 | Energy | Conventional | By The Numbers

This winter, natural gas prices have been at their lowest levels in decades. On Monday, February 10, the near-month natural gas futures price at the New York Mercantile Exchange (NYMEX) closed at $1.77 per million British thermal units (MMBtu).

FTR Trucking Conditions Index Takes Bump Up in December

AJOT | February 14, 2020 | Intermodal | Trucking | By The Numbers

FTR’s Trucking Conditions Index (TCI) rose to 3.02 in December on improved freight demand and spot rates. The December reading is the highest since January 2019 and the first positive reading since 0.28 in July. FTR expects the TCI to return to readings closer to neutral conditions before improving modestly in the second half of 2020.

Coronavirus causes China Crude disruption

By the Numbers