The seasonally-adjusted For-Hire Truck Tonnage Index recorded an all-time high in January, as reported by the American Trucking Associations
US for-hire truck tonnage rose 1.2% in January, posting a 6.6% year-over-year gain, the largest year over year gain in more than a year.
“Truck tonnage continued to improve in January, marking the fourth straight gain totaling 3.5%,” said ATA chief economist Bob Costello. “Last year was slightly better for truck tonnage than we originally thought and I am expecting that momentum to continue in 2015.”
Costello added that since bottoming out in March 2014, tonnage is up 6.7%.