Insights - October 2016 - 17

FREIGHT - from page 15 month last year. Domestic container growth of 7.3 percent offset international container and trailer volume declines of 3.3 percent and 24.9 percent respectively. Total year-to-date growth declined by 3.0 percent. For information on subscribing to IANA's IMTS go to www.intermodal.org/ information/statistics.php. Inventory Drags July Truck Tonnage Down American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 2.1 percent in July, following a revised 1.6 percent decline in June. In July, the index equaled 134.3, based on ATA's convention of 2000=100, down from 137.1 in June. The all-time high was 144 in February. The not-seasonally-adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 138.2 in July, which was 2.7 percent below the previous month. "On a monthly basis, tonnage has decreased in four of the last five months and stood at the lowest level since October during July," said ATA Chief Economist Bob Costello. "This prolonged softness is consistent with a supply chain that is clearing out elevated inventories. "Looking ahead, expect a softer and uneven truck freight environment until the inventory correction is complete. With moderate economic growth expected, truck freight will improve the further along the inventory cycle we progress," he said. Port News Terminal Group Signs New Lease with Virginia Port Virginia International Gateway terminal and the Port of Virginia have signed a new long-term lease. The lease, which takes effect Nov. 1, 2016, gives the port authority oversight of and operating rights at the terminal until 2065. VIG is owned by Alinda Capital Partners and Universities Superannuation Scheme. If approved, a $320 million project would double capacity of the deepwater container terminal by expanding rail operations, adding four automated cranes and extending berths. VIG is dredged to 55 feet to handle neo-panamax vessels. It has an ondock intermodal rail yard served by CSX and Norfolk Southern. NY-NJ Port Completes Harbor Deepening The Port Authority of New York and New Jersey embarked on a harbor deepening initiative with the Army Corps of Engineers which is now complete. The port and ACE sought to deepen portions of the New York/New Jersey Harbor, including: Ambrose Channel, Anchorage Channel, Port Jersey Channel, Kill Van Kull, Arthur Kill and October 2016 | Intermodal Insights 17 http://www.intermodal.org/information/statistics.php http://www.intermodal.org/information/statistics.php http://www.cornerstone-systems.com

Table of Contents for the Digital Edition of Insights - October 2016

Insights - October 2016
Commerce Responds on Chinese Truck Tires
NVOs Granted Protection Under Hanjin Protocol
At EXPO IANA Celebrates Growth Amid Challenges
2017 Board of Directors Election
Changes Proposed to IANA Bylaws
UW–Superior Lives Up to Its Name at EXPO
Hertwig Presented with the 2016 Silver Kingpin Award
Oregon Cases Offer Lessons for Use of Owner-Operators
Sustainability News
Freight Reports
Port News
People in the News
2016 Sponsors
DOT Issues Policy on “Automated” Vehicles
IANA Member Webinar: A Close Look at IMTS
In Brief
Welcome New Members
Intermodal Calendar
Insights - October 2016 - Insights - October 2016
Insights - October 2016 - NVOs Granted Protection Under Hanjin Protocol
Insights - October 2016 - Changes Proposed to IANA Bylaws
Insights - October 2016 - 4
Insights - October 2016 - UW–Superior Lives Up to Its Name at EXPO
Insights - October 2016 - 6
Insights - October 2016 - Hertwig Presented with the 2016 Silver Kingpin Award
Insights - October 2016 - 8
Insights - October 2016 - 9
Insights - October 2016 - 10
Insights - October 2016 - Oregon Cases Offer Lessons for Use of Owner-Operators
Insights - October 2016 - 12
Insights - October 2016 - 13
Insights - October 2016 - Sustainability News
Insights - October 2016 - Freight Reports
Insights - October 2016 - 16
Insights - October 2016 - Port News
Insights - October 2016 - People in the News
Insights - October 2016 - 19
Insights - October 2016 - 2016 Sponsors
Insights - October 2016 - IANA Member Webinar: A Close Look at IMTS
Insights - October 2016 - 22
Insights - October 2016 - In Brief
Insights - October 2016 - 24
Insights - October 2016 - Welcome New Members
Insights - October 2016 - 26
Insights - October 2016 - 27
Insights - October 2016 - Intermodal Calendar
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