U.S.-bound shipments bear the brunt of coronavirus and reduced demand, says Panjiva
March 17, 2020
February shipments—at 846,054—decreased 7.5% compared to February 2019, and containerized freight shipments, for the month, were down 4.5%. On a year-to-date basis through February, U.S.-bound waterborne shipments—at 1,874,305—are down 5.4% compared to the same period a year ago.
With freight trough not quite reached, experts at SMC JumpStart expect gains in back half of 2020
January 31, 2020
While it was not a huge surprise that 2019 was unable to maintain the economic and freight volume momentum seen in 2018, the outlook for 2020 is shaping up to be closer to the former. That was the word from speakers at this week’s SMC3 JumpStart 2020 conference in Atlanta.
Freight shipment and spend see Q4 and annual declines, notes U.S. Bank Freight Payment Index
January 24, 2020
The report’s National Shipment Index—at 126.5—was down 4% from the third quarter to the fourth quarter and off 5.4% annually. On the spending side, the report stated that the spending index—at 195.2—was off 2.7% from the third quarter to the fourth quarter and off 2.5% annually.
