US truck tonnage closes 2012 with consecutive gains

Avatar photo

ARLINGTON, Va. — US for-hire truck tonnage spiked 2.8% in December, on the heels of a revised 3.9% gain in November.

The American Trucking Associations For-Hire Truck Tonnage Index closed out the year recording the best consecutive gains of 2012.

However, despite the strong monthly increases, the index was still 2.3% off December 2011 levels, marking the worst year-over-year result since November 2009. For the full year 2012, tonnage was up 2.3% compared to 2011.

“December was better than anticipated in light of the very difficult year-over-year comparison,” ATA chief economist Bob Costello said. In December 2011, the index surged 6.4% from the previous month. Costello anticipates more sluggishness in the index this year, especially early in the year, as the economy continues to face several headwinds.   

“As paycheques shrink for all households due to higher taxes, I’m expecting a weak first quarter for tonnage and the broader economy,” Costello said. “Since trucks account for the vast majority of deliveries in the retail supply chain, any reduction in consumer spending will have ramifications on truck tonnage levels.”  

Avatar photo

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.


Have your say


This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.

*