The seasonally adjusted For-Hire Truck Tonnage Index equaled 134.3 for the month, down 2.1 percent from June but up 0.3 percent compared with July 2015, following a 1.6 percent decrease the previous month, according to the American Trucking Associations.
Airfreight markets in the first six months of 2016 were “substantially weaker” than passenger markets, posting marginal 0.5 percent year-over-year growth, according to data from Airports Council International.
Container volumes in the transpacific trade between Asia and West Coast North America jumped 5.5 percent year-over-year in the first six months of 2016, while Asia-Europe volumes ticked up 1.1 percent, according to the London-based maritime consultant.
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The U.S.-based marine transportation company, which has offices in Mobile, New York, Tampa and Shanghai, and its subsidiaries, have filed for Chapter 11 relief in the United States Bankruptcy Court for the Southern District of New York.
Representatives from the maritime and oil and gas sectors have joined forces to create the SEA/LNG group, which aims to accelerate the widespread adoption of liquefied natural gas as an alternative to traditional diesel fuel.
The U.S. Department of Transportation said it plans to allocate almost $500 million to 40 projects under the popular TIGER grant program.