Truck News

News

US truck tonnage enjoys largest annual increase in 13 years

ARLINGTON, Va. -- US truck tonnage jumped 6.8% in December after rising a modest 0.3% in November, according to the American Trucking Associations.


ARLINGTON, Va. — US truck tonnage jumped 6.8% in December after rising a modest 0.3% in November, according to the American Trucking Associations.

For all of 2011, tonnage rose 5.9% over the previous year – the largest annual increase since 1998. Tonnage for the last month of the year was 10.5% higher than December 2010, the largest year-over-year gain since July 1998. November tonnage was up 6.1% over the same month last year.

“While I’m not surprised that tonnage increased in December, I am surprised at the magnitude of the gain,” said ATA chief economist Bob Costello said. Costello noted that it was the largest month-to-month increase since January 2005.

“Not only did truck tonnage increase due to solid manufacturing output in December, but also from some likely inventory restocking. Inventories, especially at the retail level, are exceedingly lean, and I suspect that tonnage was higher than expected as the supply chain did some restocking during the month.” he said.


Truck News

Truck News

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.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*