Cargo movement in April totaled only 5.1 million tons, a 45 percent decrease compared to a year ago and just half the month's five-year average.
For the year, U.S.-flag carriage stands at 6.6 million tons, a 59 percent decrease compared to the same point in 2008, and down more than 61 percent compared to the five-year average for the January-April timeframe.
The biggest decline came in iron ore cargos. April shipments totaled 1.7 million tons, off 62 percent from April 2008, and limestone shipments were 1.1 million tons, down 48 percent.
The coal trade — 1.9 million tons — was “within striking distance” of April 2008’s 2.1 million tons because shipments of western coal from Lake Superior were strong, the group said, noting that cargo loaded at Lake Michigan and Lake Erie ports slumped badly.
Vessel operating rates are well below a year ago. On May 1, 46 U.S.-flag lakers were in service, a decrease of 28 hulls compared to a year ago. Since then, two vessels have been withdrawn from service.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now