Stu's News & Syleconomics
Syleconomics January 2012 Edition
Below is a summary of transportation industry numbers from our databases.
On the surface, it would seem that December business was quite a bit lower than November, but December had one fewer working day than November and December has several “slow working days” due to the holidays. December is always a bit slower due to the Christmas holidays. The good news is that the rate/mile inched up in December as the tight capacity in the market kept carriers busy and trucks moving.
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Syleconomics December 2011 Edition
On the surface, it would seem that November business was quite a bit lower than October, but November had one fewer working day than October. November is always a bit slower due to the holidays. The good news is that the rate/mile remained constant, even though the volume of business dropped a bit.
From a “year over year” perspective, November 2011 was another positive growth month for most of our subscribers. Trip counts were up year-over-year and revenues were up even more. Again an indication that rate/mile continues to be strong.
The lack of capacity is showing up in several of the charts (below). We continue to see record truck searches and load postings, up almost 100% from the same time last year. We suspect our customers could make more money if they could find more trucks.
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Syleconomics November 2011 Edition
October 2011 exceeded the same period last year, which is almost 2 years of "year over year" growth on a monthly basis. That is the good news. The "neutral news" is that October (with the same number of business days as September) was slightly below September in terms of trips, miles and revenues.
While there are valid reasons to be cautious of the freight economy, the "no growth" demand environment is not concerning providing trucking companies don’t cave into price reduction wars. There is still a shortage of trucks and drivers in the market, so demand for equipment is still relatively strong and should buoy prices even in a softening market. As you can see by the "rate per mile" data in the charts below, pricing is stable and 3rd quarter freight trends were materially better than the last 3 years.
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