ATA: Trucking Seasonally Slow

For-Hire Truck Tonnage rose 0.1 percent in January to 117.4. The January increase follows a 0.5 percent increase in December, reports the American Trucking Association.

“Over the last two months, the tonnage index has increased 0.6 percent, which is obviously good news” said ATA Chief Economist Bob Costello. “However, after our annual revision, it is clear that tonnage peaked in July 2019 and, even with the recent gains, is down 1.8 percent since then. Softness in manufacturing and elevated inventories continue to weigh on the truck freight tonnage.”