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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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Artificial Intelligence: Its Promises and Risks

With the technological explosion of data and the rise of social media platforms, the world is faced with new challenges coming from these technological developments. The changes in data collection and analysis are changing the way we do business and are having political and economic impacts that we have only begun to understand.

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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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The Global Economy: Opportunities and Risk in 2022

Prospects for 2022 are bright, as the global economy recovers from the COVID-19 pandemic and loss of economic activity associated with the shutdowns of key economic drivers, aimed to slow the spread of the disease.

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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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Class 8 Truck & Trailer Preliminary Orders

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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Intermodal at a glance | November 2021

The outlook for intermodal dimmed this month as it appears volumes will hold at present levels through the end of the year. There is demand to move more goods via intermodal, but congestion and metering by the carriers are limiting how high volumes can go. The existing thinking is that volumes will not improve meaningfully until the mid-to-late-first quarter at the earliest.


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