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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