Bulk/Dump rates still negative
The weak recovery in the construction markets continues to weigh on pricing for the Bulk/Dump segment. Rates have shown negative year-over-year growth throughout 2011, and they will remain negative until we get into 2012. With the overwhelming weakness in the construction markets expected to continue into 2012, the strong rate impact from HOS and CSA will likely be muted in these short-haul bulk applications.
After dropping 11.2% in 2009 rates rose 2.7% in 2010. Rates will drop again in 2011, falling 3.3%. Rates should grow better during 2012 but it will be unlikely to see strong growth until 2013. We anticipate growth of 3.4% in 2012 and 6.9% in 2013.