Insights - April 2016 - (Page 11)
FREIGHT - from page 9
Truck Tonnage Soft
at 2016 Start
The seasonally adjusted For-Hire
Truck Tonnage Index fell 1.4 percent in
January, after experiencing no change
during December, according to the
American Trucking Associations.
In January, the index equaled
132.8, based on ATA's convention of
2000=100, down from 134.7 in December, an all-time high.
Compared with January 2015, the
SA index was flat, after December
showed a 0.8 percent year-over-year
gain. For all of 2015, compared with
2014, tonnage was up 2.6 percent.
ATA recently revised the seasonally
adjusted index back five years as part of
its annual revision.
The not seasonally adjusted index,
which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled
127.1 in January. This was 5.2 percent
below the previous month which came
in at 134.1.
"Clearly, 2016 started soft for
truck tonnage," said Bob Costello,
chief economist for ATA. "There was
a deceleration in freight volumes
during the second half of 2015 which
continued into the first month of 2016.
"The winter storms that hit in
January likely suppressed volumes
some, but by falling 1.4 percent, I doubt
tonnage would have been positive
without the storms. So, that tells me
that the inventory situation continues
to weigh on truck freight volumes. The
sooner the supply chain cleans out the
excess stocks, the better for trucking,"
VA Approves Funds
For Norfolk Expansion
The General Assembly of the Commonwealth of Virginia has approved a
state-backed bond deal that will give
the port $350 million to expand capacity at Norfolk International Terminals.
Governor Terry McAuliffe must
approve the action, but he has been an
The expansion is expected to allow
NIT to handle 696,000 more TEUs by
2019. The terminal currently holds
about 1.4 million TEUs.
SC Ports Enhance
Rail Intermodal Service
The South Carolina Ports Authority
announced an enhancement to
international intermodal rail service
between the Port of Charleston and
the Charlotte Regional Intermodal
Facility at the Charlotte Douglass
On March 12, 2016, Norfolk
Southern began a two-day service
connecting Charleston and Charlotte
using existing dedicated intermodal
trains. This new service will operate five
days per week.
Containers will move on an
existing Norfolk Southern overnight
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Bob LaMere, CIO
East Coast Warehouse & Distribution | www.eastcoastwarehouse.com
April 2016 | Intermodal Insights 11
Table of Contents for the Digital Edition of Insights - April 2016
Insights - April 2016
FMCSA Proposes New “High Risk” Definition
ITC Makes Initial Affirmative Determination
New CDL Training Requirements Proposed
IANA, 25 Years and Counting
IANA Welcomes New Director of Education
New Committee Leadership
Gate Control – Information Is King
State Legislative Update
People in the News
Welcome New Members
Insights - April 2016