By the Numbers
Robust April volume breaks another record at Port of Los Angeles
AJOT | May 14, 2021 | Ports & Terminals | Ports | By The Numbers
he Port of Los Angeles handled 946,966 Twenty-Foot Equivalent Units (TEUs) in April, a spike of 37% compared to last year. It was the best April in the Port’s 114-year history, and the ninth consecutive month of year-over-year increases.
Rail Traffic for April and the Week Ending May 1, 2021
AJOT | May 05, 2021 | Intermodal | Rail | By The Numbers
U.S. railroads originated 951,840 carloads in April 2021, up 23.7 percent, or 182,060 carloads, from April 2020. U.S. railroads also originated 1,173,952 containers and trailers in April 2021, up 33.8 percent, or 296,758 units, from the same month last year.
US shale pre-hedge revenues are set for an all-time high in 2021 if WTI prices remain strong
AJOT | May 05, 2021 | Energy | Conventional | By The Numbers
The US shale industry is set to achieve a significant milestone in 2021: If WTI futures continue their strong run and average at $60 per barrel this year and natural gas and NGL prices remain steady, producers can expect a record-high hydrocarbon revenue of $195 billion before factoring in hedges, a Rystad Energy analysis shows.
Drewry: Reefer container freight rates soar but remain outgunned by dry box rates
AJOT | May 05, 2021 | Maritime | Liner Shipping | By The Numbers
Reefer container freight rates have risen sharply this year but remain far outgunned by the inexorable rise in dry box pricing, according to Drewry’s newly launched Reefer Shipping Forecaster report.
Global LNG market faces supply deficit, higher prices from decade-long impact of Mozambique delays
AJOT | May 05, 2021 | Energy | Conventional | By The Numbers
The global liquefied natural gas (LNG) market, which was set to be constantly loose in the second part of this decade, is instead set to get tighter and could even see annual supply deficits as a result of likely delays in the development of LNG projects in Mozambique due to the country’s worsening security situation, a Rystad Energy report reveals.
Big Oil could see proven reserves run out in less than 15 years as output is not replaced by discoveries
AJOT | May 05, 2021 | Energy | Conventional | By The Numbers
The proven oil and gas reserves of the group of major companies called “Big Oil” are falling at an alarming rate, as produced volumes are not being fully replaced with new discoveries.
European Road Freight Rate Benchmark Q1 2021: average rates increase 0.5% q-on-q in spite of 3rd Covid wave
AJOT | May 05, 2021 | Intermodal | Trucking | By The Numbers
Ti and Upply’s European Road Freight Rate Benchmark Q1 2021 shows that rates have increased amid the disruption of Brexit and new lockdowns across Europe as businesses work to keep moving under pressure.
Air cargo volumes bounce back in April as the air cargo system remains under ‘significant strain’
AJOT | May 05, 2021 | Air Cargo | Freighters | By The Numbers
Global air cargo demand bounced back into growth in April after a -3% dip in March, with high load factors keeping the international airfreight system under significant strain as the traditional surge in summer capacity has so far failed to materialise for a second consecutive year, say industry analysts CLIVE Data Services and TAC Index.
Rystad Energy’s daily market comment from our Oil Markets Analyst Louise Dickson
AJOT | May 05, 2021 | Energy | Conventional | By The Numbers
The bullish momentum for oil prices looks like it’s here to stay as traders stand by their solid expectations that global demand is going to grow very soon, outpacing supply.
FTR reports preliminary North American Class 8 Net orders remain strong in April at 34,600 units
AJOT | May 05, 2021 | Intermodal | Trucking | By The Numbers
FTR reports preliminary North American Class 8 net orders for April were 34,600 units, continuing to exhibit strength above normal trends. It was the best April order activity since 2018. Orders were down 15% m/m but 30,500 units above April 2020. Class 8 orders now total 403,000 units for the previous 12 months.
DAT: Spot rates are in a very different place compared to a year ago
AJOT | May 04, 2021 | Intermodal | Trucking | By The Numbers
It's been one year since the protests in Washington, DC, when distressed truckers descended on the Capitol to protest low freight rates. The average spot market van rate is now almost $1.00 higher per mile than it was back then. Van rates cooled last week, but reefer continues to heat up and flatbed is on fire. In what can only be described as an unprecedented flatbed rate rally, the national average rate continued climbing last week, moving up another 4 cents.
U.S. imports of biomass-based diesel increased 12% in 2020
AJOT | May 04, 2021 | Energy | Conventional | By The Numbers
U.S. imports of biomass-based diesel, which include biodiesel and renewable diesel, grew 12% in 2020 to more than 31,000 barrels per day (b/d), increasing for the second consecutive year.
Rystad Energy’s daily market comment from our Oil Markets Analyst Louise Dickson
AJOT | May 04, 2021 | Energy | Conventional | By The Numbers
After last week’s cautious approach, the oil market this week is getting increasingly optimistic that an oil demand uptick is getting closer in Europe and the US, where Covid-19 restrictions are in the process, or just about to be lifted, and as gasoline consumption is on the rise.
Rystad Energy’s daily market comment from our Oil Markets Analyst Louise Dickson
AJOT | May 03, 2021 | Energy | Conventional | By The Numbers
Expectations that global oil demand will rise by millions of barrels daily from the summer onwards have been fueling the recent price rally but the oil market is beginning to lift the lid on the black box of Indian oil demand, and doesn’t like the demand destruction it sees.
Hardwood fiber costs for pulp mills worldwide increased modestly at the end of 2020
AJOT | May 03, 2021 | International Trade | Commodity | By The Numbers
Costs were still substantially lower in many markets compared to late 2019
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen:
AJOT | April 30, 2021 | Energy | Conventional | By The Numbers
Oil prices are trimming some value on Friday, reducing some risk and taking some profit from earlier gains as the end of a good week approaches.
ExxonMobil earns $2.7 billion in First Quarter 2021
AJOT | April 30, 2021 | Energy | Conventional | By The Numbers
First quarter capital and exploration expenditures were $3.1 billion, $4 billion lower than the first quarter of 2020.
IANA: Intermodal continues comeback in first quarter
AJOT | April 30, 2021 | Intermodal | By The Numbers
Total intermodal volumes rose 10.5 percent year-over-year in the first quarter of 2021, according to the Intermodal Association of North America’s Intermodal Quarterly report. International containers gained 14.8 percent from 2020; domestic shipments, 4.4 percent; and trailers, 20.0 percent
Taiwan posts fastest growth since 2010 on export-fueled boom
Bloomberg | April 30, 2021 | International Trade | By The Numbers
Taiwan’s economy grew the fastest in more than 10 years in the first quarter as companies scrambled to build new production lines in an effort to keep up with an insatiable overseas appetite for computer chips and other electronic goods.
Airline gives surprise profit outlook even as planes remain grounded
Bloomberg | April 30, 2021 | Air Cargo | Airlines | By The Numbers
ANA Holdings Inc. issued a surprise profit outlook for the fiscal year, even as international air travel to and from Japan remains limited and countries across the globe recover from the pandemic at different speeds.
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