US Tonnage Spikes In January; Down 10.8% Year-Over-Year
ARLINGTON, Va. –US truck tonnage spiked 3% in January, but the American Trucking Associations’ (ATA) year-over-year index was still down 10.8% compared to January 07.
And the 3% bump did little to offset the 7.8% contraction in December, according to chief economist Bob Costello.
On the bright side, January marked the second month-to-month increase in the last seven months.
However, January’s figures were the second lowest since October, 2002.
“Tonnage will not fall every month, and just because it rises every now and then doesn’t mean the economy is on the mend,” Costello said. “Furthermore, tonnage is contracting significantly on a year-over-year basis, which is highlighting the current weakness in the freight environment.”
Costello warned we’re still months away from any sustained truck tonnage recovery. •
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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.