ARLINGTON, Va. — US for-hire truck tonnage jumped 2.8% in February, after falling 4.5% in January due to severe winter weather, the American Trucking Associations (ATA) announced.
The index was up 3.6% year-over-year in February and year-to-date, tonnage is up 2.3%, ATA says.
“It is pretty clear that winter weather had a negative impact on truck tonnage during February,” said ATA chief economist Bob Costello. “However, the impact wasn’t as bad as in January because of the backlog in freight due to the number of storms that hit over the January and February period.”
Costello said he remains optimistic that conditions are favourable for truckers.
“The fundamentals for truck freight continue to look good,” he said. “Several other economic indicators also snapped back in February. We have a hole to dig out of from such a bad January, but I feel like we are moving in the right direction again. I remain optimistic for 2014.”