ARLINGTON, Va. — US for-hire truck tonnage increased 3.5% in November, achieving a new record high.
The seasonally adjusted American Trucking Associations Truck Tonnage Index was up 4.4% year-over-year, marking the second highest y-o-y gain in 2014. Year-to-date, tonnage is up 3.3% in the US.
“With strong readings for both retail sales and factory output in November, I’m not surprised that tonnage increased as well,” said ATA chief economist Bob Costello. “However, the strength in tonnage did surprise to the upside. The index has increased in four of the last five months for a total gain of 6.4%. Clearly, the economy is doing well with tonnage on such a robust trend-line.”
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