U.S. Air Cargo Falls 17 Percent
A collapse in trans-Pacific trade pushed cargo traffic for U.S. airlines down 17 percent in December, leading American carriers with their worst year for freight since 2001.
Total net orders for class 8 vehicles from all heavy truck manufacturers in North America dropped 12 percent in January, said an industry preliminary report.
Last month was the weakest January in the 30 years records have been kept, according to FTR Associates. The data includes the United States, Canada, Mexico and exports.
Net orders were down 66 percent from January 2008. Final data for January 2009 will be available from FTR later this month.
U.S. rail traffic fell 17.3 percent in the fourth week of 2009. Carloads were off 18.4 percent while intermodal loadings fell 16 percent. The Association of American Railroads estimated ton-miles decreased from 33.6 billion a year ago to 27.8 billion in the week ending Jan. 31.
U.S. ports surveyed handled 1.06 million TEU in December, the last month for which actual numbers are available. That was down 13.9 percent from November and 17.2 percent from December 2007, and made December the 18th month in a row to see a year-over-year decline. The last month to see a year-over-year increase was July 2007, when the 1.44 million TEU moved through the ports was up 3.4 percent from July 2006.