Replies to post #109095 on ajtj99's Market Pulse

[TJ Parker]

are you/is he suggesting that lots of cargo is still being shipped to the U.S. and then just consumed out of cargo containers at ports?

[ajtj99]

Randy, here's the Trannie components:


COMPONENTS FOR ^DJT

ALEX ALEXANDER BALDWIN
AMR
BNI BURLINGTN N SANTE FE
CAL CONTL AIRLINES
CHRW C.H. ROBINSON WW
CNW CON-WAY INC
CSX C S X
EXPD EXPEDITORS INTL
FDX FEDEX CORP
GMT G A T X
JBHT JB HUNT TRANS
JBLU JETBLUE AIRWAYS
LSTR LANDSTAR SYSTEM
LUV SOUTHWEST AIRLINES
NSC NORFOLK SO CP
OSG OVERSEAS SHIPHDLG
R RYDER SYSTEM INC
UNP UNION PACIFIC
UPS UNITED PARCEL SVC
YRCW YRC WORLDWIDE

Of these, Expeditors international does international marine shipping, and CSX, Norfolk Southern, Union Pacific, and Burlinton Northern ship intermodal containers.

I think the one thing missing from the Trannies is the bulk shipping transport, like tankers or container vessels.

The problem with this is most of them are foreign owned, so it's difficult to include them in the index. If you're tracking goods for industry and consumers in the US, you've still got a good gauge in this trannie makeup. If you're trying to gauge global growth, the Baltic Dry is your baby.

What a lot of people don't realize is the US Govt. is probably skewing the Baltic Dry a bit due to all the stuff being shipped to Iraq. The same thing happened during the first Gulf War and when the Subic Bay base was closed in the Philippines.