US truck tonnage dips slightly in November
ARLINGTON, Va. — Seasonally-adjusted US truck tonnage took a 0.1% hit in November, according to the latest data from the American Trucking Associations.
In September and October, tonnage increased a total of 28%. The not seasonally-adjusted index was down 3.7% in November.
Compared with November 2009, seasonally-adjusted tonnage was up 3.9%, significantly lower than October’s 6% year-over-year increase, the ATA noted. Year-to-date tonnage is up 5.9% compared to the same period in 2009.
“Tonnage increased for two consecutive months in September and October and I don’t expect volumes to rise every month,” said ATA chief economist Bob Costello. “Additionally, the decrease in November is much smaller than the gains during the previous two months.” Costello said he expects truck freight tonnage to grow modestly during the first half of 2011 before accelerating in the later half of the year into 2012.
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