Crossties

JAN-FEB 2015

Crossties is published for users and producers of treated wood crossties.

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roducts P agle Metal E Janes Co. Gross & Hurdle Machine Works K oppers Inc. R TA WEBSITE BECOME A MEMBER CONTACT Trend lines in the four graphs below are 4 quarter moving averages. US Class 1 Freight (billions of ton-miles) Real GDP growth for the third quarter was revised to 5.0 percent, and the fourth quarter GDP growth was 2.6 percent. Crosstie purchases were down 10.6 percent in the 4th quarter. In the fourth quarter of 2014 shortline freight was down by 0.6 percent from year ago. RailConnect Freight Car Data - Carloads ties - BUSINESS TRENDS 500 450 400 3 50 300 Real GDP (billions of chained 2005 dollars) Quarterly Tie Purchases 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1 ,000 2,000,000 2,500,000 1,500,000 1,000,000 5 00,000 250 0 0 2008 2007 2009 Q3 Q3 Q3 Q3 Q3 Q3 Q3 2010 2011 2012 2013 2014 Q3 2007 2008 2009 20010 Q3 Q2 Q4 Q3 Q2 Q4 Q2 Q2 Q3 Q3 Q3 Q4 2011 Q4 Q4 2013 Q2 Q2 Q3 Q4 Q3 Q4 2012 2014 16,500 1 6,000 1 5,500 15,000 14,500 14,000 13,500 1 3,000 12,500 According to RTA estimates (based on total carloads, coal carloads and seasonal factors), US Class 1 freight, measured in ton-miles, increased in the 4th quarter, and was down 2.2 percent from year ago. Sources for ton-miles: AAR 2005 to 2012; RTA estimates since 2013. Q2 Q3 Q4 Q2 2007 2008 2009 20010 Q3 Q2 Q4 Q3 Q2 Q4 Q2 Q2 Q3 Q3 Q3 Q4 2011 Q4 Q4 2013 Q2 Q2 Q3 Q4 Q3 Q4 2012 2014 Q2 Q3 Q4 Q2 CROSSTIES • JANUARY/FEBRUARY 2015 22 US Housing Starts (saar) YTD Housing starts are 8.0 percent higher than last year; permits are up 3.4 percent. US Housing Permits (saar) ■ 2011 ■ 2012 ■ 2013 ■ 2014 ■ 2011 ■ 2012 ■ 2013 ■ 2014 Diesel prices have declined by 23% from year ago levels. LIBOR 30 Day LIBOR (interest rate) reflects a long-running global "easy money" policy. J F M A M J J A S O N D 800 1,000 1,200 600 400 0 J F M A M J J A S O N D PERCENT 200 800 1,000 1,200 600 400 0 200 500 400 300 200 100 0 6 5 4 3 2 1 0 US Diesel Prices - cents per gallon 1/1/07 5/1/07 9/1/07 5/1/09 1/1/08 5/1/08 9/1/08 1/1/09 9/1/09 1/1/10 5/1/10 9/1/10 9/1/11 1/1/11 5/1/11 1/1/12 5/1/12 9/1/12 1/1/13 5/1/13 9/1/13 1/1/14 5/1/14 9/1/14 1/1/15 1/1/07 5/1/07 9/1/07 5/1/09 1/1/08 5/1/08 9/1/08 1/1/09 9/1/09 1/1/10 5/1/10 9/1/10 9/1/11 1/1/11 5/1/11 1/1/12 5/1/12 9/1/12 1/1/13 5/1/13 9/1/13 1/1/14 5/1/14 9/1/14 2007 2008 2009 20010 Q3 Q2 Q4 Q3 Q2 Q4 Q2 Q2 Q3 Q3 Q3 Q4 2011 Q4 Q4 2013 Q2 Q2 Q3 Q4 Q3 Q4 2012 2014 Q2 Q3 Q4 Q2 MiTe Industr Industr MiTe

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