The July Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 1.6 percent from June to 124.6, an all-time high.
MEMPHIS, Tenn. — FedEx Freight, a wholly owned subsidiary of FedEx Corp. and a leading U.S. provider of LTL freight services, has purchased more than 100 compressed natural gas (CNG) tractors and has installed a CNG fueling station to serve the new CNG fleet at its Oklahoma City Service Center.
ELYRIA, Ohio — Central Transport is making a major move toward fleet-wide air disc brakes on its 2,500 tractors. The Warren, Michigan-based, less-than-truckload carrier expects to have the industry-leading brake on 90 percent of its tractors by the first quarter of 2017.
Rusty Duckworth has been promoted to chief financial officer for the American Trucking Associations, CEO and President Chris Spear said today. Duckworth has worked for ATA since 1999 in the accounting and finance department, and most recently served as senior vice president and controller, Spear said.
Transportation analyst firm FTR’s Trucking Conditions Index (TCI) for July increased to 5.99, the company reported today. The July reading reflects “improved market prospects due to moderate economic growth and a regulatory agenda that will tighten capacity utilization,” FTR added.
WASHINGTON — U.S. wholesale businesses left their inventories unchanged as their sales fell in July, which is both good and bad news for trucking.