Industryweek 12649 Trucks Road 1

Truck Tonnage Jumped 8.2% in November

Dec. 23, 2016
The American Trucking Associations said 2017 will be strong as "retail sales are good, the housing market is solid, and the inventory overhang throughout the supply chain is coming down."

Following a 0.3% drop during October, the For-Hire Truck Tonnage Index surged 8.2% in November, as reported by the American Trucking Associations on December 20.

 In November, the index equaled 142.4 (2000=100), up from 131.6 in October. The all-time high was 144 in February.

“2016 has been an interesting year for truck tonnage, with monthly gains and decreases as large as I can remember, which suggests seasonality is different this year,” said ATA chief economist Bob Costello. “November’s substantial increase continued with the seesaw pattern that has persisted for much of the year.

“While I think the November gain overstates the strength in the freight market, I do believe we are seeing some improvement that will continue into 2017," Costello added.

"Retail sales are good, the housing market is solid, and the inventory overhang throughout the supply chain is coming down, all of which will help support truck freight volumes in 2017,” he said.

Compared with November 2015, the SA index increased 5.7%, the first year-over-year gain since August.

Read More

Material Handling & Logistics is an IndustryWeek companion site within Penton's Manufacturing & Supply Chain Group.

Popular Sponsored Recommendations

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Discover How an Eye Tracking Study Improves Training Procedures

Oct. 29, 2023
Did you know that your training processes can be streamlined by visualizing and analyzing key skills within your employee base? Find out how we use eye tracking to capture advanced...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Lean Manufacturing in the Age of the Industrial Internet

Oct. 24, 2023
Read how advanced MES capabilities can help you improve your labor utilization, reduce WIP, and optimize your production. Download the white paper today.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!