Sunday, January 21, 2018
Business
Freight TSI falls 0.6% in April; 2nd straight month of downturns

Freight TSI falls 0.6% in April; 2nd straight month of downturns

WASHINGTON — The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, decreased 0.6 percent in April from March, falling for the second consecutive month after reaching an all-time high in February, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS).

Swift promotes Scott Barker to VP, driver engagement

Swift promotes Scott Barker to VP, driver engagement

PHOENIX — Swift Transportation Co. promoted Scott Barker to vice president of driver engagement.

FTR’s Shippers Conditions Index for March heads into negative territory

FTR’s Shippers Conditions Index for March heads into negative territory

BLOOMINGTON, Ind. — FTR’s Shippers Conditions Index (SCI) for March, as detailed in the May issue of the Shippers Update, has a reading of minus 1.7, putting it in marginally negative territory. Currently, softer freight conditions and a view of adequate capacity over the past 18 months have slowed the expected decline in this index, said Jonathan Starks, chief operating officer.

Georgia Ports experience record month for container volume

Georgia Ports experience record month for container volume

SAVANNAH, Ga. — Larger vessels and additional container services calling at Georgia's ports coupled with a positive economic forecast ushered in an all-time record month for container volume.

Celadon expands pay increase packages to more markets

Celadon expands pay increase packages to more markets

INDIANAPOLIS — Celadon Group, one of North America’s largest transportation and logistics companies, has expanded its earlier announced pay packages to additional markets beyond the original 15 regions, a company news release says.

OEM overbuild leads to production cuts deeper than anticipated, FTR says.

OEM overbuild leads to production cuts deeper than anticipated, FTR says.

BLOOMINGTON, Ind. — FTR has finalized truck and trailer builds for 2016 and completed its annual CV Forecast Accuracy Report detailing the accuracy of FTR’s 2016 Commercial Vehicle forecasts from January 2014 through December 2016.

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