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NEWS BULLETIN
Friday, October 24, 2014

US NAFTA trade numbers
up during month of August

U.S. rail freight traffic
sees positive weekly total

Department of Transportation program
targets vets for commercial driver jobs

Diana Shipping sets charter
for Panamax dry bulk vessel

Boeing nets SF Airlines order
for freighter conversion work

US NAFTA trade numbers
up during month of August

WASHINGTON, DC — U.S.-NAFTA freight totaled $100.6 billion in August 2014 as all five major transportation modes – air, vessel, pipeline, rail, and trucks – carried more U.S.-NAFTA freight than in August 2013, according to the TransBorder Freight Data released by the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS). August was the sixth consecutive month with U.S.-NAFTA freight flows exceeding $100 billion. In August, the value of commodities moving by vessel grew by the largest percentage of any mode, 11.7 percent. Pipeline freight increased 6.8 percent followed by a rail increase of 3.4 percent, a truck increase of 3.3 percent, and an air increase of 2.3 percent. Of the $4.2 billion increase in the value of US-NAFTA freight from August 2013, truck freight contributed the most, $1.9 billion, followed by rail, $514 million. The trucking increase was due almost entirely to growth in truck freight with Mexico as U.S.-Canada truck trade remained almost unchanged. Trucks carry three-fifths of U.S.-NAFTA freight and are the most heavily utilized mode for moving goods to and from both U.S.-NAFTA partners. Trucks carried 59.6 percent of U.S.-NAFTA freight in August 2014, accounting for $31.2 billion of exports and $28.8 billion of imports. Rail remained the second largest mode, moving 15.5 percent of all U.S.-NAFTA freight, followed by vessel at 9.2 percent, pipeline at 7.4 percent, and air at 3.7 percent. The surface transportation modes of truck, rail and pipeline carried 82.5 percent of the total U.S.-NAFTA freight flows.

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Diana Shipping sets charter
for Panamax dry bulk vessel

ATHENS — Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Grain B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v TRITON. The gross charter rate is US$9,250 per day minus a five percent commission paid to third parties, for a period of minimum 11 months to maximum 14 months. The TRITON is a 75,336 dwt Panamax dry bulk vessel built in 2001. This employment is anticipated to generate approximately US$3.05 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.’s fleet currently consists of 39 dry bulk vessels (two Newcastlemax, 11 Capesize, three Post-Panamax, three Kamsarmax and 20 Panamax). The company also expects to take delivery of two new-building Newcastlemax dry bulk vessels and one new-building Kamsarmax dry bulk vessel during the second quarter of 2016.

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U.S. rail freight traffic
sees positive weekly total

WASHINGTON, DC — The Association of American Railroads (AAR) has reported increased U.S. rail traffic for the week ending Oct. 18, 2014 with 297,130 total carloads, up 2.7 percent compared with the same week last year. Total U.S. weekly intermodal volume was 272,554 units, up three percent compared with the same week last year. Total combined U.S. weekly rail traffic was 569,684 carloads and intermodal units, up 2.9 percent compared with the same week last year. For the first 42 weeks of 2014, U.S. railroads reported cumulative volume of 12,218,003 carloads, up 3.6 percent compared with the same point last year, and 10,900,493 units, up 5.4 percent from last year. Total combined U.S. traffic for the first 42 weeks of 2014 was 23,118,496 carloads and intermodal units, up 4.4 percent from last year.

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Boeing nets SF Airlines order
for freighter conversion work

SEATTLE — Boeing has announced that SF Airlines has placed an order for an undisclosed number of 767-300ER passenger-to-freighter conversions (Boeing Converted Freighters). SF Airlines, a subsidiary of Shenzhen, China-based delivery services company SF Express, will accept its first redelivered 767 in the second half of 2015.In its recently released World Air Cargo Forecast, Boeing forecasts that Asia will continue to lead the world in average annual air cargo growth, with domestic China and intra-Asia markets expanding 6.7 percent and 6.5 percent per year, respectively. Boeing projects that air cargo traffic will grow at an annual rate of 4.7 percent over the next 20 years, with global air freight traffic expected to more than double by 2033. With increased air cargo traffic, the world freighter fleet is also expected to grow with deliveries of 840 new factory-built airplanes and 1,330 passenger to freighter conversion airplanes.

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Department of Transportation program
targets vets for commercial driver jobs

WASHINGTON, DC — The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) has announced it has awarded $1 million in grants to nine technical and community colleges across the country to help train returning military veterans for jobs as commercial bus and truck drivers. The funding is provided through FMCSA’s Commercial Motor Vehicle - Operator Safety Training (CMV-OST) grant program. FMCSA awards CMV-OST grants to organizations that provide truck driving training, including accredited public or private colleges, universities, vocational-technical schools, post-secondary educational institutions, truck driver training schools, associations, and state and local governments, including federally-recognized Native American tribal governments. The funds are used to recruit, train, and provide students job placement assistance after graduation.

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