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TRANSPORT STATISTICS * USA - DOT Freight Transport Index Rises 2.9% in June
The Department of Transportation’s freight transportation services index rose 2.9% in June from a year ago
Washington,DC,USA -Transport Topics -13 Aug 2008: -- ... The freight TSI rose to a reading of 111.5, fro last June’s 108.4, DOT said. The index rose 0.1% from May... The 2.8% increase in the freight index since December marked the fifth consecutive year the index increased in the first five months... For the first six months of this year, the freight index gained 2.9%, its largest increase for the first six months of a year since 2002...
* Consumer Price Index Rises 0.8%
Washington,DC,USA -Bloomberg/Transport Topics -13 Aug 2008: -- Consumer prices rose 0.8% in July, bringing the rise for the last 12 months to 5.6%, the Labor Department said Thursday... The rise in the consumer price index, the government’s main gauge of inflation, was double economists’ forecasts, Bloomberg reported... The so-called core CPI excluding food and energy rose 0.3% for a second straight month, also more than forecast... If consumer prices are climbing, it could reflect an increase in demand for consumer goods, which increases the demand for trucking services...
* U.S. Driving Declines; Oil Consumption at Five-Year Low
Washington,DC,USA -Transport Topics -13 Aug 2008: -- Americans drove 12.2 billion miles fewer in June than the same month a year ago, a 4.7% decline, the U.S. Department of Transportation said Wednesday... Meanwhile, U.S. oil demand is at a five-year low, according to report issued Wednesday by the American Petroleum Institute... API said that total petroleum deliveries fell in the first seven months of this year by 3.6% from a year ago, while gasoline deliveries declined more than 2%...
* Jobless Claims Dip for Week
Washington,DC,USA -Bloomberg/Transport Topics -14 Aug 2008: -- Initial jobless claims fell by 10,000 last week, the Labor Department said Thursday... Claims for the week ended Saturday declined to 450,000, Labor said... Economists had forecast claims would fall to 435,000, Bloomberg reported... The four-week moving average, a less volatile measure, rose to 440,500, the highest in more than six years... Continuing claims rose to 3.417 for the previous week ended Aug. 2, the biggest in almost five years, Labor said...
* Retail Sales Fall for First Time in Five Months
Washington,DC,USA - Bloomberg /Transport Topics -14 Aug 2008: -- Retail sales fell 0.1% in July, the first decline in five months, the Commerce Department said Wednesday... The decline followed a 0.3% gain in June that was bigger than the 0.1% gain originally reported... Sales excluding automobiles rose 0.4%, while sales excluding gasoline fell 0.2%... Almost all trucking operations depend on the health of retail sales because such sales involve nearly every type of cargo...
* Diesel to Average $4.18 This Year, DOE Says
Washington,DC,USA -Transport Topics -12 Aug 2008: -- Diesel fuel will average $4.18 a gallon this year and $4.27 in 2009, the Department of Energy said Tuesday... The increase in price from last year’s $2.77 average — though lower than the recent weeks’ prices, which topped out at $4.764 on July 14 — reflect higher diesel demand, particularly in emerging markets, DOE said in its monthly short-term energy outlook... Oil priceswill average $119 this year after averaging $72 a barrel in 2007, and climb to an average $124 next year, DOE said. Oil closed under $115 Monday after closing at a record $145.18 on July 14... Gasoline’s average this year will be $3.65 a gallon — up from last year’s $2.81 average but below this week’s $3.809 weekly surveyed price, and about 50 cents under the $4.114 record set four weeks ago... Gas prices are expected to continue falling slowly, averaging just less than $3.80 per gallon over the next few months, reflecting continuing weak gasoline margins because of the decline in gasoline consumption and growth in ethanol supply, DOE said...
Labels: transport statistics, USA
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