US truck tonnage up 1.5% in April

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.”

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.

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