The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index headed up 6.3% to 119.9 in October over September’s 112.8 (2015=100). This followed a 0.1% (revised from –0.8%) gain from August to September and a 2% (which was raised following an originally reported 1.8%) decrease from July to August and a 1.9% increase from June to July.
Falling 3.5 cents, the national diesel average now stands at $3.282 per gallon. This follows declines of 2.1 cents, of 1.7 cents, 2.5 cents, and 1.4 cents, respectively, over the prior four weeks. Diesel has fallen a cumulative 11.2 cents over the last five weeks.
Total intermodal volume for the month, at 1,690,668, rose 6.1% annually.
Logistics Management recently caught up with James H. Burnley, a partner at Washington, D.C.-based law firm Venable LLP and former Secretary of Transportation under the late President Ronald Reagan, for a discussion on national infrastructure issues.
With 1,144,033 shipments, October was up 11.9% annually, which Panjiva said marks the fastest rate of growth for monthly shipments going back to March 2014.
The annual event is hosted by INTTRA, a leading ocean shipping network, software and information provider which was acquired by E2Open last month.