News

Tank loadings drop 0.2% in July

There were noticeable upward revisions in tank loadings going all the way back to last October, with a primary focus in Q2. The revisions have improved our near-term outlook for the market. Despite that good news, loadings fell modestly in July, down 0.2% to 9.417 million. Year-over-year growth has shown

Tank loadings jump 1.1% in June

Despite a significant jump in June loadings the Tank outlook is relatively unchanged and remains underwhelming. Loadings in June were at 9.376 million – the best monthly volume total since early 2011. Loadings jumped 1.1% versus the prior month and the surge moved the year-over-year comparison into positive territory –

Tank rates are down so far in 2011

Tank rates were extremely weak during the first half of 2011, averaging a 4% year-over-year drop during that time. After peaking at a 5% y/y gain in the middle of last year tank rates turned negative by the start of the year. Year-over-year comparisons will remain tough until the start