Browse the complete Report on: United States Freight Transport Report Q3 2010
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Having been ravaged by 2009's global economic downturn, a recovering US economy has helped the US freight transport sector back on its feet in 2010, with most transport modes registering steady pick-ups in volumes in the first half of the year. The American Trucking Association (ATA)'s For-Hire Truck Tonnage Index rose by 9.4% year-on-year (y-o-y) in April 2010 on a seasonally-adjusted basis, representing the largest gain recorded by the index since January 2005 and the fifth consecutive month of y-o-y increases. April's rise meant that US truck tonnage volumes had grown by 6% y-o-y in 2010. Meanwhile, according to figures provided by the Port Authority of New York/ New Jersey, freight volumes handled at JFK Airport totalled 115,000 tonnes in April, up by 31.6% y-o-y from the facility's 2009 nadir, though they fell by 5.1% on a month-on-month (m-o-m) basis.
Things are also looking more positive from a company perspective, and freight transport operators have taken the rebound in economic activity as a cue to expand capacity and chase potential mergers and acquisitions. There is a sense that not all firms are yet out of the woods, however, and despite an improving short-term outlook a number of challenges remain. Indeed, in Q110, the largest US trucking line YRC Worldwide registered a net loss of US$274mn in Q110 and over the same period, the company's revenue was US$1.1bn, down 29% y-o-y and 7% q-o-q. The company's sales were badly affected by harsh weather and shipper concern over its future with industry observers wary that the trucker may be facing a further liquidity squeeze after only narrowly escaping bankruptcy in the final weeks of 2009.
Though the prevailing mood for the sector has so far been positive in 2010, continued uncertainty surrounding the strength and longetivity of the US economic recovery and a nervous consumer and manufacturing sector mean that operators are unlikely to rest on their laurels. With these concerns firmly in mind, for most transport modes BMI is forecasting recoveries which are moderate rather than remarkable and expects the rate of growth for most sub-sectors to relent somewhat in 2011 as the country's economy loses some of its early momentum.
The US port sector is expected to show one of the industry's stronger growth patterns in 2010 with the country's two largest west and Gulf Coast terminals, the port of Los Angeles (LA) and the Port of Houston, forecast to register respective increases of 6.7% and 5.3% in their total tonnage throughput after no growth, and in LA's case an 18.4% contraction in handling in 2009. At the port of New York/ New Jersey, however, the country's largest east coast facility, the rate of increase over 2010 is forecast to be minimal at just 0.8% y-o-y.
The US air freight sector has also enjoyed strong growth metrics and is on course for a sizeable rebound in 2010 after 2009's 10.2% contraction in freight tonne-km flown. BMI forecasts a reverse of 8.3% with carriers projected to fly 21.6bn freight tonne-km.
Road and rail freight, meanwhile, are expected to experience a more moderate rate of growth in keeping with the relatively narrow contraction in volumes seen in 2009. BMI forecasts US rail freight volumes to increase by 4.5% y-o-y to 2.49trn freight tonne-km after a fall of 5.5% in 2009. Road freight, having contracted by 3.2% in 2009 is predicted to increase by 2.9% in 2010 to 1.99trn freight tonne-km. The US's in-land waterways should display an ever more slender growth pattern with total volumes carried predicted to increase by 0.5% to 646.99bn freight tonne-km after contracting by 0.7% in 2009. The recovery in the US freight transport sector is largely consistent with the projected uptick in the country's total trade volumes which in 2009 decreased by 11.9% in real terms. In 2010 we forecast the country's total trade to grow by 7.8% with imports and exports set to increase by 7.7% and 7.9% respectively.
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Original Source : United States Freight Transport Market
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Having been ravaged by 2009's global economic downturn, a recovering US economy has helped the US freight transport sector back on its feet in 2010, with most transport modes registering steady pick-ups in volumes in the first half of the year. The American Trucking Association (ATA)'s For-Hire Truck Tonnage Index rose by 9.4% year-on-year (y-o-y) in April 2010 on a seasonally-adjusted basis, representing the largest gain recorded by the index since January 2005 and the fifth consecutive month of y-o-y increases. April's rise meant that US truck tonnage volumes had grown by 6% y-o-y in 2010. Meanwhile, according to figures provided by the Port Authority of New York/ New Jersey, freight volumes handled at JFK Airport totalled 115,000 tonnes in April, up by 31.6% y-o-y from the facility's 2009 nadir, though they fell by 5.1% on a month-on-month (m-o-m) basis.
Things are also looking more positive from a company perspective, and freight transport operators have taken the rebound in economic activity as a cue to expand capacity and chase potential mergers and acquisitions. There is a sense that not all firms are yet out of the woods, however, and despite an improving short-term outlook a number of challenges remain. Indeed, in Q110, the largest US trucking line YRC Worldwide registered a net loss of US$274mn in Q110 and over the same period, the company's revenue was US$1.1bn, down 29% y-o-y and 7% q-o-q. The company's sales were badly affected by harsh weather and shipper concern over its future with industry observers wary that the trucker may be facing a further liquidity squeeze after only narrowly escaping bankruptcy in the final weeks of 2009.
Though the prevailing mood for the sector has so far been positive in 2010, continued uncertainty surrounding the strength and longetivity of the US economic recovery and a nervous consumer and manufacturing sector mean that operators are unlikely to rest on their laurels. With these concerns firmly in mind, for most transport modes BMI is forecasting recoveries which are moderate rather than remarkable and expects the rate of growth for most sub-sectors to relent somewhat in 2011 as the country's economy loses some of its early momentum.
The US port sector is expected to show one of the industry's stronger growth patterns in 2010 with the country's two largest west and Gulf Coast terminals, the port of Los Angeles (LA) and the Port of Houston, forecast to register respective increases of 6.7% and 5.3% in their total tonnage throughput after no growth, and in LA's case an 18.4% contraction in handling in 2009. At the port of New York/ New Jersey, however, the country's largest east coast facility, the rate of increase over 2010 is forecast to be minimal at just 0.8% y-o-y.
The US air freight sector has also enjoyed strong growth metrics and is on course for a sizeable rebound in 2010 after 2009's 10.2% contraction in freight tonne-km flown. BMI forecasts a reverse of 8.3% with carriers projected to fly 21.6bn freight tonne-km.
Road and rail freight, meanwhile, are expected to experience a more moderate rate of growth in keeping with the relatively narrow contraction in volumes seen in 2009. BMI forecasts US rail freight volumes to increase by 4.5% y-o-y to 2.49trn freight tonne-km after a fall of 5.5% in 2009. Road freight, having contracted by 3.2% in 2009 is predicted to increase by 2.9% in 2010 to 1.99trn freight tonne-km. The US's in-land waterways should display an ever more slender growth pattern with total volumes carried predicted to increase by 0.5% to 646.99bn freight tonne-km after contracting by 0.7% in 2009. The recovery in the US freight transport sector is largely consistent with the projected uptick in the country's total trade volumes which in 2009 decreased by 11.9% in real terms. In 2010 we forecast the country's total trade to grow by 7.8% with imports and exports set to increase by 7.7% and 7.9% respectively.
About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/
Original Source : United States Freight Transport Market
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