• ITVI.USA
    13,795.070
    81.410
    0.6%
  • OTRI.USA
    26.560
    -0.120
    -0.4%
  • OTVI.USA
    13,740.380
    64.000
    0.5%
  • TLT.USA
    2.720
    -0.060
    -2.2%
  • TSTOPVRPM.ATLPHL
    2.670
    0.130
    5.1%
  • TSTOPVRPM.CHIATL
    2.930
    0.280
    10.6%
  • TSTOPVRPM.DALLAX
    1.320
    -0.020
    -1.5%
  • TSTOPVRPM.LAXDAL
    3.040
    0.050
    1.7%
  • TSTOPVRPM.PHLCHI
    1.740
    0.050
    3%
  • TSTOPVRPM.LAXSEA
    3.210
    0.000
    0%
  • WAIT.USA
    108.000
    5.000
    4.9%
  • ITVI.USA
    13,795.070
    81.410
    0.6%
  • OTRI.USA
    26.560
    -0.120
    -0.4%
  • OTVI.USA
    13,740.380
    64.000
    0.5%
  • TLT.USA
    2.720
    -0.060
    -2.2%
  • TSTOPVRPM.ATLPHL
    2.670
    0.130
    5.1%
  • TSTOPVRPM.CHIATL
    2.930
    0.280
    10.6%
  • TSTOPVRPM.DALLAX
    1.320
    -0.020
    -1.5%
  • TSTOPVRPM.LAXDAL
    3.040
    0.050
    1.7%
  • TSTOPVRPM.PHLCHI
    1.740
    0.050
    3%
  • TSTOPVRPM.LAXSEA
    3.210
    0.000
    0%
  • WAIT.USA
    108.000
    5.000
    4.9%
American Shipper InfographicsFreightWaves InfographicsInfographics

This Week’s Forecast February 24-28, 2020

Diesel fuel price outlook

 EIA statistics show total U.S. distillate production at the highest level ever for the second week of February despite significant concern over demand. Inventory reports were bearish. One other factor looming in the market: OPEC meets March 5-6. All models show it needs to cut further to balance markets, but it is getting no support from its non-OPEC allies led by Russia. The market will probably start to focus on that soon and there’s nothing bullish there either.

Truckload capacity

Domestic truckload outbound freight volumes (OTVI.USA) are still surprisingly healthy for this time of the year, up 1.91% year-over-year with long-haul (LOTVI.USA) and dry van (VOTVI.USA) both up 4.5% in the past month. Reefer outbound tender volumes have reversed course and are now down 4.8% month-over-month, and even though reefer capacity is loosening slowly, outbound tender rejections (ROTRI.USA) around 12% are still more than double the rate for dry vans (VOTRI.USA). Intermodal loaded container volumes have nosedived this week and are now down 14.12% year-over-year. This along with Chinese exports in a holding pattern of epic proportions and new cases of the coronavirus being detected in South Korea (our seventh-largest import market), is an eerie sign that the worst is yet to come. All eyes will be on Asia this week.

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Emily Ricks

Emily is one of a handful of FreightWaves graphic designers. Focusing in on data visualization, she is the primary infographic designer at FreightWaves. When she's not researching the freight industry, she's researching design tools and trends. View our archive of infographics at FreightWaves.com/infographics.
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