The American Trucking Associations’ (ATA) For-Hire Truck Tonnage Index fell 6.2% in December, following a 8.4% jump during November. In December, the index equaled 133.8 (2000=100), down from 142.7 in November. The all-time high was 144 in February.
Compared with December 2015, the index decreased 0.7%. In November, the index increased 5.9% on a year-over-year basis. For all of 2016, tonnage was up 2.5%.
“The ups and downs that plagued most of 2016 continued in December,” said ATA Chief Economist Bob Costello. “I don’t recall a year in recent memory with so many large swings on a month-to-month basis.
“Looking ahead, there are some positive signs for truck tonnage. This includes the continued spending by consumers, larger wage gains, and solid home construction,” he said. “Factory output will continue to be soft, but it should be better this year than last year. And most importantly, the supply chain continues to make progress reducing bloated inventories, which will help truck volumes going forward.”
Source: ATA< Return