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US truck tonnage posts 2.1% gain in August

ARLINGTON, Va. -- US truck tonnage rose 2.1% in August and reached its highest level since February, acco...


ARLINGTON, Va. — US truck tonnage rose 2.1% in August and reached its highest level since February, according to the American Trucking Associations’ (ATA) latest For-Hire Truck Tonnage Index.

 

Tonnage was still down 7.5% compared to August, 2008 however that’s the best year-over-year showing US truck tonnage has enjoyed since November, 2008.

 

ATA chief economist Bob Costello said the latest figures were encouraging, especially coming on the heels of a 2.2% gain in July.

 

“The gains in tonnage during July and August reflect a growing economy and less of an overhang in inventories,” Costello noted.  “While I am optimistic that the worst is behind us, most economic indicators, including industrial output and household spending, suggest freight tonnage will exhibit moderate, and probably inconsistent, growth in the months ahead.”


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