THE American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.6 per cent in January after increasing 0.9 per cent in December, reports the American Journal of Transportation.
In January, the index equaled 115.5 (2015=100) compared with 114.9 in December.
'January's gain was the sixth straight totaling 4.4 per cent,' said ata chief economist Bob Costello.
'The index, which is dominated by contract freight with only small amounts of spot market truck freight, is off 3.9 per cent from the all-time high in August 2019 and only 1.5 per cent below March 2020 when the pandemic hit. In January, truck tonnage was helped by rising retail sales and factory output. While housing starts fell last month, which is another important driver of truck tonnage, it remained at high levels.'
Compared with January 2021, the index increased 1.2 per cent. In December, the index was up 1.5 per cent from a year earlier.
In 2021, tonnage was up 0.3 per cent and in 2020, tonnage was off four per cent compared with 2019.
The not seasonally adjusted index equaled 109.2 in January, 4.3 per cent below the December level of 114.1.
Trucking represents 72.5 per cent of tonnage carried by all modes of domestic freight transportation.
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In January, the index equaled 115.5 (2015=100) compared with 114.9 in December.
'January's gain was the sixth straight totaling 4.4 per cent,' said ata chief economist Bob Costello.
'The index, which is dominated by contract freight with only small amounts of spot market truck freight, is off 3.9 per cent from the all-time high in August 2019 and only 1.5 per cent below March 2020 when the pandemic hit. In January, truck tonnage was helped by rising retail sales and factory output. While housing starts fell last month, which is another important driver of truck tonnage, it remained at high levels.'
Compared with January 2021, the index increased 1.2 per cent. In December, the index was up 1.5 per cent from a year earlier.
In 2021, tonnage was up 0.3 per cent and in 2020, tonnage was off four per cent compared with 2019.
The not seasonally adjusted index equaled 109.2 in January, 4.3 per cent below the December level of 114.1.
Trucking represents 72.5 per cent of tonnage carried by all modes of domestic freight transportation.
SeaNews Turkey