Recent Comments

ATA truck tonnage index jumps in January

| February 24, 2010

U.S. truck tonnage rose 5.7 percent in January from a year earlier, the second consecutive year-over-year monthly increase, the American Trucking Associations reported today, Feb. 24.

ATA’s seasonally adjusted for-hire  truck tonnage index rose 3.1 percent in January from December, following a 2.1 percent gain in December from November.

January’s year-to-year gain marked the best performance for January since 2004-2005. The year-to-year gain in December had been 6.6%.

For all of 2009, the tonnage index was down 8.7 percent (adjusted from a previously reported 8.3 percent drop). That was the largest annual decline since 12.3 percent in 1982.

ATA Chief Economist Bob Costello said the latest tonnage number, combined with reports from carriers, shows both the industry and the economy are in a recovery mode.

“While I don’t expect tonnage to continue growing as robustly as it did in January, the industry is finally moving in the right direction,” Costello said. “Although there are still risks that could throw the rebound off track, the likelihood of that happening continues to diminish,” he said in a statement.

ATA calculates the tonnage each month based on reports by its member trucking companies.

Never Compromise. Cummins 2017 Heavy-Duty Engines.

Notice: Overdrive is transitioning to a new comment platform due to technical problems with the former commenting system. The new commenting system is now live. We are currently in the process of moving all of the comments from the old system into the new system. We appreciate your patience in the meantime.