Kenya's election took an ominous turn on Wednesday as violent protests erupted in the capital and elsewhere after opposition leader Raila Odinga alleged fraud, saying hackers used the identity of a murdered ...
Freight Transportation Services Index, June 2012 - June 2017. Graphic: U.S. DOT
" >Freight Transportation Services Index, June 2012 - June 2017. Graphic: U.S. DOT
" width="400">After hitting a new record high in May, a measure of the amount of freight moved by the nation's for-hire transportation industry declined in June, according to new Transportation Department figures.
Its Freight Transportation Services Index (TSI) declined 0.8% in June to a level of 126.2 from the month before while the May reading was revised upward to 127.2 from 126.8 and remains at an all-time high. Monthly numbers for January through April remained virtually unchanged.
Even with this drop from the month before the Freight TSI was at its second highest level of all time, exceeding the level from April by 1.6%. So far this year, while there have been four months when TSI declined, and only two months when it increased, the net increase in 2017 has been 1.3% because of the large increase in May.
Despite the month-to-month drop in June, for-hire freight shipments increased 2.9% from June 2016.
The Freight TSI measures the month-to-month changes in for-hire freight shipments by mode of transportation in tons and ton-miles, which are combined into one index. The index consists of data from for-hire trucking, rail, inland waterways, pipelines and air freight.
According to the department, the June decline from the previous month was due to significant decreases in trucking and water while air freight and rail carloads and intermodal grew. Pipeline remained steady.
“The increase ran counter to mostly rising trends in other economic indicators,” the report said. “Employment, housing starts and personal income grew. The Federal Reserve Board Industrial Production index rose by 0.4% in June, due to growth in manufacturing and mining. The Institute for Supply Management Manufacturing index rose to 57.8, indicating accelerating growth.”
While the monthly TSI declined, the quarterly TSI covering a three-month period rose. The 1.4% second quarter ...Read the rest of this story
Facebook Inc (NASDAQ:FB) has struggled to move higher after reporting earnings on July 26. Given that Facebook stock is already up more than 50% year-to-date and is starting to look a little tired from a technical analysis perspective, I expect shares to pull back over the coming few weeks. Facebook's second-quarter earnings report was certainly solid, with EPS coming in at $1.32 per share versus expectations of $1.13.
TorcUP is offering its line of Raptor non-impacting pneumatic torque wrenches for the trucking industry's toughest bolting applications.
“The Raptor is accurate to within 5% of its torque value compared to an impact wrench that is only accurate to within about 20% of its torque value,” explained Tim Benford, director of sales and marketing. “It has been proven that consistent use of an impact wrench can cause harm to mechanics in the form of white finger disease, carpal tunnel and nerve damage.”
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TorcUP is offering its line of Raptor non-impacting pneumatic torque wrenches for the trucking industry's toughest bolting applications.
“The Raptor is accurate to within 5% of its torque value compared to an impact wrench that is only accurate to within about 20% of its torque value,” explained Tim Benford, director of sales and marketing. “It has been proven that consistent use of an impact wrench can cause harm to mechanics in the form of white finger disease, carpal tunnel and nerve damage.”
read more
...Read the rest of this storyAmerican Trucking Assns.' Agricultural and Food Transporters Conference, along with the American Frozen Food Institute, launched a new online self-assessment tool to help motor carriers evaluate their processes and procedures for complying with the Food Safety Modernization Act.
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