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Insights: Construction Industry

The construction sector began a strong rally before the pandemic and made a rapid recovery as the economy opened back up. Construction is poised for strong growth over the next two years.
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Insights: Russia-Ukraine Conflict

Russias invasion of Ukraine sent energy prices skyrocketing in a U.S. economy already reeling from inflation. War injects further uncertainty into the outlook, but a sizable negative effect on the economy and freight is hardly a sure bet.
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Transportation Update | March 2022

The U.S. economy adds 678,000 payroll jobs in February.

Crude, diesel prices soar in the wake of the war in Ukraine.
Retail inventories see another solid increase.

The surge in new trucking companies continues in February.

Volatility is the order of the day for rail volumes.

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Insights: Paper Industry

Reduced need for newsprint, declining net exports, and substitution of plastics for paper in packaging have impacted paper demand, but e-commerce growth with increased demand for packaging materials has balanced these losses.
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C-Suite Synopsis: Freight Transportation for February 2022

Headlines

TRUCKING: Trucking conditions improve, but they might have finally peaked.

RAILCAR: Carload volumes are being held back by four main commodities to start 2022.

INTERMODAL: International volumes remained weak in December and face near-term headwinds to growth in 2022.

SHIPPERS: Fuel costs are proving to be the difference between tough and really tough market conditions.

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February Preliminary Orders: Class 8 Truck & Trailer

We work with OEMs to produce industry assessments for preliminary Class 8 Truck orders and Trailer orders for industry-wide consumption.

We provide in-depth market analysis and forecasting in our Truck & Trailer Outlook intelligence service.

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Transportation Update | February 2022

The U.S. economy adds 467,000 payroll jobs in January.

Job openings and quits remain close to record levels.
The number of newly authorized trucking companies remained high in January.
Diesel rises to its highest price since August 2014 as crude tops $90 a barrel.
Rail carload and intermodal volumes remain stuck in neutral.

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Forecast risks abound heading into 2022

Watch consumers, supply chains, and the pandemic, of course.

A year ago, we were forecasting a solid 2021, but forecast risks appeared to be mostly to the downside. In some cases, we correctly predicted a result but did not anticipate the cause. For example, recovery in employment was slowing, but the issue seemed to be one of weak demand, not tight supply.

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Insights: Oil and Gas Industry

In 2020, the U.S. became a net exporter of petroleum products. This is the result of a fifteen-year trend toward increased domestic production, increased exports, and decreased imports.
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Transportation Update | January 2022

U.S. payroll job growth was weak in December, but the labor market is complicated.

• Job openings remain near record levels as job quits set a record.
• Truck spot rates set a record to end 2021.
• Nearly 110,000 new trucking companies entered the market in 2021.
• Rail and intermodal volumes see typical movements during the holidays.

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