Truck tonnage remains on the upswing
Truck tonnage increased 2.1% in December, the last month for which tonnage numbers were available, according to the American Trucking Associations (ATA).
The increase follows a jump of 2.6% in November. Compared with December 2008, tonnage increased 6.6%, the first year-over-year increase since September 2008.
"The robust tonnage numbers in November and December were aided by better economic growth as well as a positive inventory effect," says ATA Chief Economist Bob Costello. "However, economic activity is expected to moderate in the current quarter, which will keep a lid on tonnage growth."