THE American Trucking Associations' (ATA) advanced seasonally adjusted For-Hire Truck Tonnage Index increased 2.1 per cent in December after falling 1.4 per cent in November, reported the American Journal of Transporation.
In December, the index equalled 115.7 compared with 113.3 in November.
'While 2023 ended on a better note, truck tonnage remained in a recession as it continued to fall on a year-over-year basis,' said ata economist Bob Costello.
It was 2.6 per cent above the trough in April, he said.
'For the entire year, tonnage contracted 1.7 per cent from 2022 levels. This makes 2023 the worst annual reading since 2020 when the index fell four per cent from 2019, and the only year since 2020 that tonnage contracted.'
November's decline was revised down slightly from our December 19 press release.
Compared with December 2022, the SA index fell 0.5 per cent, which was the tenth straight year-over-year decrease, albeit the smallest over that period. In November, the index was down 1.6 per cent from a year earlier.
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In December, the index equalled 115.7 compared with 113.3 in November.
'While 2023 ended on a better note, truck tonnage remained in a recession as it continued to fall on a year-over-year basis,' said ata economist Bob Costello.
It was 2.6 per cent above the trough in April, he said.
'For the entire year, tonnage contracted 1.7 per cent from 2022 levels. This makes 2023 the worst annual reading since 2020 when the index fell four per cent from 2019, and the only year since 2020 that tonnage contracted.'
November's decline was revised down slightly from our December 19 press release.
Compared with December 2022, the SA index fell 0.5 per cent, which was the tenth straight year-over-year decrease, albeit the smallest over that period. In November, the index was down 1.6 per cent from a year earlier.
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