TRANSPORT STATISTICS * NAFTA - Trade Fell 12 Months Running
Completed cycle, month to month improvements signal coming turnaround
Washington,DC,USA -The Journal of Commerce Online, by Thomas L. Gallagher -Dec 1, 2009: -- Surface trade between the United States and its partners in the North American Free Trade Agreement completed a cycle in September of 12 consecutive months of steep declines. U.S. trade with Canada and Mexico was 20.2 percent lower in September 2009 than in September 2008, dropping to $57.3 billion, the Bureau of Transportation Statistics of the U.S. Department of Transportation reported Tuesday... But the full year of declines combined with recent month to month improvements signal a turnaround is coming... The value of U.S. surface transportation trade with Canada and Mexico rose 5.6 percent in September 2009 from August 2009. Since the record 35.4 percent plunge in May, each month has seen improvement, and September’s year-over-year comparison is the best so far in 2009... (Photo from blog.mlive: Michigan. Medium NAFTA trucks crossing)
* USA - Landstar Says Truckload Growing in 4Q. Load count is up in early fourth quarter, carrier revises forecast
Jacksonville,FL,USA -The Journal of Commerce Online, by William B. Cassidy -Nov 30, 2009: -- Freight volume is increasing faster than anticipated at truckload giant Landstar System, which told analysts today it expects positive year-over-year load count growth in the fourth quarter... In a mid-quarter conference call with analysts, Landstar executives said load count growth was turned positive in November, after a 2 percent decline in October. They now expect a "slightly positive" load count for the quarter, compared with a 15 percent decline in shipments through the first three quarters... That reflects not only a real increase in shipments, particularly in automotive, government-related and substitute line-haul freight, but easier year-over-year comparisons with the worst quarter of 2008... In a note to investors, trucking analyst Ed Wolfe of Wolfe Research said he is projecting 1.3 percent total load growth at Landstar for the fourth quarter, compared with an earlier call for a 3.2 percent decline...
Labels: transport statistics
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