Union Pacific’s total railcar units declined by 16.2% to 85,000 units from ~102,000 units in the week ending March 28, 2015.
In the week ending March 26, 2016, CSX’s (CSX) intermodal traffic declined by ~10% to 51,000 units from 56,000 units in the week ending March 28, 2015.
In the week ending March 26, 2016, CSX’s (CSX) railcar units, excluding coal and coke, fell by 8.0%.
Norfolk Southern’s (NSC) total intermodal traffic for the week ending March 26, 2016, declined by 7.8% to 72,000 containers and trailers, as compared to ~79,000 units for the corresponding week in 2015.
Norfolk Southern’s (NSC) railcar units, excluding coal and coke, fell 3.1% in the week ending March 26, 2016.
In the week ending March 26, 2016, the total US railcar units fell to 232,000, reflecting a significant drop of 18.5% from 285,000 units in the week ending March 28, 2015.
The Westpac MNI China CSI rose sharply by 6.1% to 118.1 in March—its highest level since September 2015—from 111.3 in February, due to greater optimism.
China’s industrial profits for firms above designated size rose by 4.8% YoY to 780.71 billion yuan, or about $119.8 billion, in January and February.
China’s official non-manufacturing PMI rose to 53.8 in March from 52.7 in February, indicating expansion in the service sector following stimulus measures.
The Caixin China Manufacturing PMI rose to 49.7 in March—its highest level 13 months—from 48.0 in February, indicating deterioration in operating conditions.
China’s official manufacturing PMI reading for March was up, coming in at 50.2 compared to 49.0 in February, after consecutive eight months of decline.
China’s official manufacturing index, the SSE Composite, expanded in March, indicating a slight recovery in the manufacturing sector following stimulus.
Gross says it’s important for investors to “take care of their liquidity.” They should have their exit options open in their fixed-income portfolio.
By introducing negative interest rates, the central bank’s intention is to force investors to buy something with a positive yield.
There seems to be no solution to the present-day negative interest rates. But investors still continue to believe that negative interest rates will allow them to make money.
In its March Short-Term Energy Outlook report, the EIA forecast that the US natural gas supply-demand balance could average around 2.9 Bcf per day in 2016.
In its March STEO report, the EIA forecast that the US natural gas consumption could average 76.7 Bcf per day in 2016 and 77.3 Bcf per day in 2017.
The EIA (U.S. Energy Information Administration) forecast that the US natural gas production could average 79.7 Bcf (billion cubic feet) per day in 2016.
Baker Hughes will release its weekly US crude oil rig count report on April 1. The US natural gas rig count rose by three rigs to 92 rigs for the week ending March 25.
The EIA released its weekly natural gas inventory report on March 31. The US natural gas inventory fell by 25 Bcf to 2,468 Bcf for the week ending March 25.