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Nov.30, 2015

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www.joc.com THE JOURNAL OF COMMERCE 59 JOC By the Numbers The October Cass expenditures 2.435 index reversed course with a 0.055 point decline, 2.2 percent below September results and 0.233 point or 8.7 percent below October 2014. Cass attributes the decline in part with the drop in October shipments along with depressed spot rates because of abundant capacity. Cass also notes new dedicated carriage agreements were up 3 to 4 percent while new trucking firm contracts were up 2 to 3 percent. At its lowest October level since 2011, the October Cass shipments index was 1.092, 0.054 point or 4.7 percent below September and 0.061 point or 5.3 percent below October 2014. Cass notes bloated inventories and business cutbacks in new orders placed over the last three or four months have resulted in less imports, fewer freight movements and a drop in industrial production. CASS FREIGHT INDICES Cass index data is derived from actual freight invoices paid on behalf of its clients' domestic freight shipments, which annually totals over US$26 billion in account payables and includes a wide diversity of shippers, commodities and company size. The Cass index data does not contain a truly representative picture of small package shipments. Volumes represent the month in which transactions are processed by Cass, not necessarily the month when the corresponding shipments took place. • Source: Cass Information Systems • www.cassinfo.com/Transportation-Expense-Management/Supply-Chain-Analysis/Transportation-Indexes Freight Expenditures Index Freight Shipment Index ■ Jan. 1990=100 ● Year-over-year percent change ● Month-to-month percent change ■ Jan. 1990=100 ● Year-over-year percent change ● Month-to-month percent change 1.75 2.00 2.25 2.50 2.75 -15% 0% 15% 30% 45% OCTOBER 2015 JANUARY 2011 0.7 0.8 0.9 1.0 1.1 1.2 -10% -5% 0% 5% 10% 15% OCTOBER 2015 JANUARY 2011 n Cargo value, in billions of U.S. dollars. Agricultural Commodities* The $18.7 billion September 2015 U.S. agricultural trade was sequentially flat with a 0.1 percent gain as imports slipped 1 percent while exports advanced 1.2 percent. September 2015 U.S. agricultural trade was 2.7 percent below September 2014, led by 3.6 percent growth in imports while exports plunged 7.9 percent. The U.S. agricultural trade in the first nine months of 2015 totaled $182.9 billion, 4.2 percent below the same period in 2014 despite a 2.8 percent growth in imports, exports had collapsed 9.6 percent. 6 8 10 12 14 16 S A J J M A M F J 2015 D N O S A J J M A M F J 2014 D N O S A J J M A M F J 2013 D N O S A J J M A M F J 2012 50 75 100 125 150 175 200 S A J J M A M F J 2015 D N O S A J J M A M F J 2014 D N O S A J J M A M F J 2013 D N O S A J J M A M F J 2012 ■ U.S. Exports ■ U.S. Imports ■ U.S. Exports ■ U.S. Imports *Via all modes of transport • Census made 2012-2014 data revisions in June 2015. In Manufacturing, certain classifications are subject to Census suppression due to non-disclosure requirements, including aircraft. Source: U.S. Census Bureau, Division of Foreign Trade, U.S. Department of Commerce, www.census.gov/foreign-trade/data/ Manufactured Goods* The September 2015 $260.3 billion U.S. manufactured goods trade sequentially inched forward 0.5 percent, led by an 0.9 percent advance in imports. Year-over-year, the U.S. manufactured goods trade declined 2.4 percent, led by a 0.3 percent dip in imports and softened by a 6 percent plunge in exports. In the first nine months of 2015, the U.S. manufactured goods trade totaled $2.3 trillion, down 0.9 percent year-over-year, led by a 2 percent gain in imports, but softened by a 5.7 percent drop in exports. AGRICULTURAL COMMODITIES & MANUFACTURED GOODS IN U.S. TRADE U.S. FOREIGN TRADE WITH GLOBAL REGIONS *Not seasonally adjusted. **The export totals reflect shipments of certain grains, oilseeds and satellites that are not included in the country/area totals. Source: U.S. Census Bureau, Division of Foreign Trade, U.S. Department of Commerce, www.census.gov/foreign-trade/data/ n In goods, in billions of U.S. dollars, via all modes of transportation to and from the U.S.* Overall U.S. trade in September 2015 declined $19.6 billion or 5.8 percent year-over-year to $316.7 billion with only U.S. trade with Europe inching forward, up 1.1 percent. U.S. trade with the Pacific Rim slipped 1 percent, NAFTA lost 8.8 percent, Africa tumbled 13.5 percent and South/Central America plunged 23.4 percent below September 2014. In the first nine months of 2015, overall U.S. trade declined $141.2 billion or 4.8 percent year- over-year to $2.8 trillion with only U.S. trade with the Pacific Rim advancing, up 1.7 percent. U.S. trade with Europe declined 1.9 percent, NAFTA fell 6.5 percent, South/Central America tumbled 18.2 percent, and Africa plunged 27.2 percent year-over-year. January-September September 2014 2015 % CHANGE 2014 2015 % CHANGE EXPORTS TOTAL MANUFACTURED GOODS AGRICULTURAL COMMODITIES NAFTA EUROPE PACIFIC RIM SOUTH/CENTRAL AMERICA AFRICA $1,206.6 $1,134.1 -6.0% $133.4 $125.4 -6.0% $892.7 $842.2 -5.7% $98.8 $92.8 -6.0% $107.0 $96.7 -9.6% $10.5 $9.7 -7.9% $413.4 $390.5 -5.5% $46.7 $42.8 -8.5% $251.5 $241.7 -3.9% $26.1 $26.7 2.3% $289.3 $276.3 -4.5% $32.5 $31.2 -4.0% $138.1 $117.5 -14.9% $15.4 $12.4 -19.3% $28.7 $20.7 -27.9% $2.6 $2.2 -14.5% IMPORTS TOTAL MANUFACTURED GOODS AGRICULTURAL COMMODITIES NAFTA EUROPE PACIFIC RIM SOUTH/CENTRAL AMERICA AFRICA $1,752.2 $1,683.5 -3.9% $202.9 $191.3 -5.7% $1,427.9 $1,456.6 2.0% $168.0 $167.5 -0.3% $83.8 $86.2 2.8% $8.7 $9.0 3.6% $480.3 $445.0 -7.4% $55.6 $50.5 -9.1% $367.5 $365.3 -0.6% $39.3 $39.4 0.2% $592.7 $620.4 4.7% $73.8 $74.0 0.3% $115.3 $89.7 -22.2% $12.8 $9.2 -28.2% $26.3 $19.4 -26.4% $2.8 $2.4 -12.5% January-September September 2014 2015 % CHANGE 2014 2015 % CHANGE TOTAL TRADE $2,958.8 $2,817.6 -4.8% $336.2 $316.7 -5.8% 6 8 10 12 14 16 S A J J M A M F J 2015 D N O S A J J M A M F J 2014 D N O S A J J M A M F J 2013 D N O S A J J M A M F J 2012 50 75 100 125 150 175 200 S A J J M A M F J 2015 D N O S A J J M A M F J 2014 D N O S A J J M A M F J 2013 D N O S A J J M A M F J 2012 ■ U.S. Exports ■ U.S. Imports ■ U.S. Exports ■ U.S. Imports

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