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," he said. Port News VA Approves Funds For Norfolk Expansion The General Assembly of the Commonwealth of Virginia has approved a Trucking Software 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 early supporter. 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 International Airport. 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 Business Software for Intermodal Trucking Companies of All Sizes Harbor Drayage Rail Drayage Multi-Modal Trucking "Trinium is a vital part of our Total Logistics Solution. The TMS is an integral piece of our multi-faceted operation and effectively interfaces with our other internal and external systems." Call (310) 214-3118 to schedule your one-on-one demo today or email Bob LaMere, CIO East Coast Warehouse & Distribution | 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
Sustainability News
Gate Control – Information Is King
State Legislative Update
Freight Reports
Port News
People in the News
2016 Sponsors
In Brief
Welcome New Members
Intermodal Calendar

Insights - April 2016