Highlights from the American Trucking Associations’ seasonally-adjusted For-Hire Truck Tonnage Index, released today.
It dropped 0.8% in September, down to 11.8 from 112.7 in August. ATA chief economist Bob Costello: “As anticipated, the year-over-year gains have slowed on strength a year earlier, but there is no doubt that freight softened in August and September.”
The full third quarter still was up 0.1% from the second quarter. July was strong, and that helped propel the small rise from 2Q. The August index was revised down 2% from July; the original report was that August dropped 1.8% from July.
The index also up 5.2% from the third quarter of 2017.
The September number was up 2.9% from the corresponding month a year ago. But that is a slowing rate of growth; August was up 4.2% from a year ago.
The index without the seasonal adjustment was way down from August, a drop of 8.2%. The ATA defines not seasonally adjusted as “tonnage actually hauled before any seasonal adjustment.”
The ATA did not cite this but any comparison to September 2017 needs to recognize that particular month was affected by emergency-related deliveries from Hurricane Harvey.
Sydney, Australia-headquartered customs and logistics software provider WiseTech Global yesterday released details of massive increases in revenues and profits. ASX-listed WiseTech reported that total revenues increased by 68 percent.
Fraudulent medical certifications that can put carriers and drivers at risk of more accidents.are under scrutiny.
Flinders Ports, South Australia, had a mixed bag of containerised cargo throughput results in 2018 compared to 2017, new data analysis shows. Overall containerised throughput – which includes imports, exports, empties and boxes in various configurations – was essentially flat.
Class 1 railroad plans ongoing projects at intermodal facility which is near major shippers and new warehouse space.
Thunderstorms, several more inches of rain to flood Southeast roads and homes through the weekend.
Pointivo, an Atlanta-based startup that makes artificial intelligence 3D analytics technology, has closed a Series A funding round of $7 million.
Targa Resources Corp. (NYSE: TRGP) missed Wall Street’s fourth quarter consensus revenue expectations of $2.74 billion. The company’s revenue decreased nearly 3.9 percent year-over-year (Y/Y) from over $2.7 billion to nearly $2.6 billion.
The FreightWaves Research Institute, in conjunction with industry partners, universities and technology vendors announces the “War on Detention Pledge” – a promise for companies involved in the freight transportation ecosystem to develop and advance research, initiatives and best practices to mitigate uncompensated asset and driver detention.
Was this a battle of wills at the very top?
Today on FreightWaves NOW, we bring you today’s weather, and what is going on in Memphis market. How has the market share of the nation’s 12th largest freight market grown so much over the past week? What are the implications for nearby hubs and what’s a shipper and broker to think?