WASHINGTON, D.C. – US for-hire truck tonnage rose 0.5% in February, after a revised 4.6% decline in January, the American Trucking Associations (ATA) reported.
The index is still 5.5% stronger than it was in February 2011.
“Fleets told us that February was decent and that played out in the numbers,” ATA chief economist Bob Costello said. He added that February’s month-to-month increase was the sixth in the last seven months.
“I’m still expecting continued truck tonnage growth going forward. Rising manufacturing activity and temperate consumer spending should be helped a little from an improving housing market,” he said.
You can catch more of Costello’s thoughts on February’sUS truck tonnage in this video.
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