ARLINGTON, Va. — The American Trucking Associations’ seasonally adjusted (SA) For-Hire Truck Tonnage Index fell 6.2 percent in December to 133.8, down from 142.7 in November. The all-time high was 144 in February, according to ATA. Compared with December 2015, the SA index decreased 0.7 percent. For all of 2016, tonnage was up 2.5 percent.
“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.”
Trucking represents 70.1 percent of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods, ATA stated. Trucks hauled nearly 10.5 billion tons of freight in 2015. Motor carriers collected $726.4 billion, or 81.2 percent of total revenue earned by all transport modes.
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