ARLINGTON, VA – For-hire truck tonnage was up in October, suggesting a happy holiday season is to come, according to the American Trucking Associations (ATA).
The ATA’s seasonally adjusted for-hire truck tonnage index rose 3.3% from the month before, after they posted a decline of 1.9% was in September. That number was later adjusted to a decline of 0.9%
The index showed tonnage was up year-over-year with an increase of 9.9% from October 2016. The ATA says it’s the largest year-over-year increase since December 2013.
The index is up for 2017 overall, showing a 3.1% increase from the same 10-month period in 2016.
ATA chief economist Bob Costello says increased consumption, factory output, construction, and improved inventory levels throughout the supply chain.
“The 6.7% rise in tonnage over the last four months suggests to me that retailers are expecting a good holiday spending season,” he said.
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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.