Bloomberg | May 12, 2022 | Air Cargo | Airlines | Intermodal | Road
From neighborhood gas stations to America’s interstate highway system to the friendly skies, soaring fuel costs amid dwindling supplies look set to further squeeze consumers and businesses alike this summer.
The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 0.7% in March from February, rising for the seventh consecutive month, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). From March 2021 to March 2022 the index rose 3.8 percent compared to a rise of 0.5 percent from March 2020 to March 2021 and a decline of 2.2 percent from March 2019 to March 2020 (Tables 1, 2, and 2A).
On April 26, Paul Treangen, CEO of TNW Corporation (TNW) and President of the Texas Short Line and Regional Railroad Association (TSLRRA), testified before the Texas House of Representatives’ Transportation Committee, representing the forty-one short line railroads in the state. The Texas Transportation Committee is currently conducting a study to assess current and future transportation needs and consider improvements to ensure Texas is adequately planning for the state’s population growth forecasts.
Plus, a global provider of self-driving truck technology, announced today that it has selected Velociti, a global leader in fleet technology solutions, as the deployment and maintenance partner for the national Plus Build program.