American truck tonnage index increased 0.4% in November. Increase likely due to continued pull forward of shipments from China due to the threat of higher tariffs.

The American Trucking Associations’ (ATA) For-Hire Truck Tonnage Index increased 0.4% in November to 118.9 from October’s level of 118.4.

Compared with November 2017, the index increased 7.6%, down slightly from October’s 8.1% year-over-year increase. Year-to-date, compared with the same period last year, tonnage increased 7.2%.

“The fact that tonnage rose in November after a strong October is impressive. It was likely due to some continued pull forward of shipments from China due to the threat of higher tariffs, as well as solid retail sales last month,” said ATA Chief Economist Bob Costello. “With continued strength in November, tonnage growth is on pace to be the best year since 1998.”

ATA calculates the tonnage index based on surveys from its membership.

Source: ATA

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