ARLINGTON, Va. — US for-hire truck tonnage inched up 1.5% in April, representing a year-over-year gain of 4.8%.
That marks the largest y-o-y gain of 2014, according to the American Trucking Associations For-Hire Truck Tonnage Index. Year-to-date, tonnage is up 2.9% in 2014.
“April was the third straight gain in tonnage totaling 4%,” said ATA chief economist Bob Costello. Tonnage is off 1.4% from the all-time high in November.
“I’m pleased that tonnage has been making solid progress after falling a total of 5.2% in December and January,” Costello added. “And April’s nice gain was better than the contraction in industrial production and the lackluster retail sales during the same month.”
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