Petroleum Consumption (PETCON)

FreightWaves Customer SuccessEnergy - Volume

What is it? Consumption of energy in various categories measured in trillions of BTUs. Who is interested? Anyone tracking total energy use in the U.S., including a separate category for transportation. What does it tell me? While the numbers are large, they do provide a good overall look at total transportation and other energy uses, measured beyond things just like … Read More

Payroll Employment (EMPS, EMPN)

FreightWaves Customer SuccessMacro Economic Indicators

What is it? The payroll employment statistics come from the Bureau of Labor Statistics and is reported monthly by industry. The data is in thousands of employees, and is collected in SONAR as both seasonally adjusted (EMPS) and nonseasonally adjusted (EMPN). The following industry granularities are available in SONARAIR – air transportationBLDG – building materials, garden equipment retailersCCAS – clothing … Read More

Logistics Managers’ Index (LMI)

FreightWaves Customer SuccessLogistics Manager's Index

What is it? Logistic Managers’ Index (LMI, http://www.the-lmi.com/) is by researchers at Arizona State University, Colorado State University, Rochester Institute of Technology, Rutgers University, and the University of Nevada, Reno, and in conjunction with the Council of Supply Chain Management Professionals (CSCMP). The LMI is obtained through a monthly survey of logistics managers in various industries in the economy. The … Read More

Job Openings and Job Openings Rate (JOPL, JOPR)

FreightWaves Customer SuccessMacro Economic Indicators

What is it? The number of job openings and the job openings rate come from the Job Openings and Labor Turnover Survey (JOLTS) collected by the Bureau of Labor Statistics each month. The number of job openings (JOPL) is seasonally adjusted, expressed in thousands, and represents the total number of unfilled job openings that exist during the month. The job … Read More

Institute of Supply Management Metrics (ISM)

FreightWaves Customer SuccessMacro Economic Indicators

What is it? The ISM is an organization of supply chain professionals and conducts a monthly survey of purchasing managers in the manufacturing and service sectors. The ISM indexes are seasonally adjusted and reported such that the index value represents the percentage of respondents that say that activity is expanding for their business. Any value above 50 is a sign … Read More

Industrial Production (IPRO, IPROG)

FreightWaves Customer SuccessMacro Economic Indicators

What is it? Industrial production index (IPRO) is a monthly measure of output of the industrial sector (manufacturing, mining, and utilities) of the economy as reported by the Federal Reserve. It is also a measure of capacity and capacity utilization. Currently the base year is 2012 with a value of 100. Industrial production year-over-year change (IPROG) is a percent change … Read More

Hires and Hiring Rate (HIRL, HIRR)

FreightWaves Customer SuccessMacro Economic Indicators

What is it? The number of hires and the hiring rate come from the Job Openings and Labor Turnover Survey (JOLTS) collected by the Bureau of Labor Statistics each month. The number of hires (HIRL) is seasonally adjusted, expressed in thousands, and represents the total number of hires that occurred during the month. The hiring rate (HIRR) is a percentage … Read More

Estimated Truck Drivers (DRVR)

FreightWaves Customer SuccessMacro Economic Indicators

What is it? DRVR is the daily estimated number of truck drivers on payroll employment in the U.S. economy. Using data on hours of service and fuel consumption, SONAR’s data scientists have calculated a daily measure of truck drivers. This daily measure ties to the annual measures for truck driver employment produced by the Bureau of Labor Statistics (BLS) across … Read More

Estimated For Hire Trucking Employment (DRVRE)

FreightWaves Customer SuccessMacro Economic Indicators

What is it? DRVRE is a daily estimate produced by SONAR data scientists of the monthly employment figures for the truck transportation industry released by the Bureau of Labor Statistics. While DRVR measures employment in the truck driving occupation, DRVRE measures employment in the for-hire truck driving industry. The numbers here are in thousands and are non-seasonally adjusted Who is … Read More

Energy Production (ENPRO)

FreightWaves Customer SuccessEnergy - Volume

What is it? Energy production data comes from the Energy Information Administration showing the total amount of energy that is produced in the U.S. economy. The total production figure includes all energy types, including fossil fuels and renewable energy sources. The data is nonseasonally adjusted and measured in trillions of BTUs. Who is interested? Economists, energy market analysts What does … Read More

Employment Separation Rate (EMPSEP)

FreightWaves Customer SuccessMacro Capacity Insights

What is it? The separations rate comes from the Job Openings and Labor Turnover Survey (JOLTS) collected by the Bureau of Labor Statistics each month. It includes all types of ways in which employees can lose their job, both involuntary (fires, layoffs) and voluntary (quits). The rate in SONAR is a percentage calculated using the following formula:EMPSEP = (# of … Read More

Effective Federal Funds Rate (FEDFUND)

FreightWaves Customer SuccessMacro Economic Indicators

What is it? The effective funds rate is the monthly average of the daily federal funds rate set by the Federal Reserve. It is expressed as a percentage and represents the interest rate that commercial banks lend reserves to other commercial banks overnight. Who is interested? Economists, consumers, business leaders considering borrowing to invest What does it tell me? The … Read More

Diesel Truck Stop Actual Price per Gallon (DTS)

FreightWaves Customer SuccessEnergy - Price

What is it? DTS is the average price of diesel fuel purchased in a given market expressed in dollars per gallon. Who is interested? Fuel departments, CFOs, financial analysts, fleet managers, owner operators What does it tell me? The DTS is a more granular look at diesel fuel prices than the standard DOE measurement. The DTS cost tells you the … Read More

Natural Gas Consumption (NGCON.TRAN)

FreightWaves Customer SuccessEnergy - Volume

What is it? Natural gas consumption data comes from the Energy Information Administration showing the amount of fossil fuels that are used by sector in the U.S. economy. Fossil fuels include coal, petroleum, and natural gas. The data is not seasonally adjusted and is reported in trillions BTU. SONAR tracks natural gas consumption for the transportation sector. Who is interested? … Read More

Hours of Service (HOS)

FreightWaves Customer SuccessRisk Management & Compliance

What is it? The HOS indices measure the average amount of drive time a driver is driving (HOS11) on their 11 hour clock and the average amount of time a driver is showing active on-duty or driving on their 14 hour clock. It is expressed in hours. Who is interested? Fleet managers, executives in trucking companies, industry analysts, owner operators … Read More

Energy Consumption (ENCON)

FreightWaves Customer SuccessEnergy - Volume

What is it? Energy consumption data comes from the Energy Information Administration showing the total amount of energy that is used by sector in the U.S. economy. The data is not seasonally adjusted and is reported in trillions BTU.In SONAR, total energy consumption is tracked at the following granularities:COMM – CommercialGDHS – U.S. Department of Homeland SecurityGDOD – U.S. Department … Read More

Electricity Retail Sales (ERSAL)

FreightWaves Customer SuccessEnergy - Volume

What is it? Electricity retail sales measures the amount of electricity that is purchased by end consumers by sector. Retailing is the final stage in the process from generation to the final consumer, following generation, transmission, and distribution. The data is nonseasonally adjusted monthly and measured in trillions of BTUs. Who is interested? Economists, energy market analystsIn SONAR, electricity retail … Read More

Consumer Price Index – All Urban (CPI, CPINS)

FreightWaves Customer SuccessMacro Economic Indicators

What is it? The Consumer Price Index is a measure of trends in the prices that consumers typically buy. The headline CPI index tracks the prices of a typical basket of goods that an urban household purchases. The CPI is calculated as follows:CPI = (cost of basket in current year / cost of basket in reference period) * 100The reference … Read More

Cass Transportation (CFIS, CFIE, CTLI, CIPI)

FreightWaves Customer SuccessMacro Capacity Insights

What is it? Cass indices are based on the entirety of the Cass client base invoice payments. They are primarily volume driven indices that have baseline years as reference points. There are 4 separate monthly indices measuring shipments (CFIS), expenditures (CFIE), and truckload linehaul (CTLI). Who is interested? Anyone who wants to get a high level view of the freight … Read More

Building Permits (000’s) (PRMT)

FreightWaves Customer SuccessMacro Economic Indicators

What is it? Building Permits are an authorization that must be granted by either a government or regulatory body prior to construction of a new or existing building project can legally occur. This is released by the U.S. Census Bureau once a month, measured in thousands. Who is interested? Economist, Analyst, Investors, Developers, Builders What does it tell me? Building … Read More