The American Trucking Associations opened 2015 with some good news for truckers, and the economy: Its for-hire truck tonnage index reached an all-time high in January 2015.
The index increased 1.2 percent in January to 135.7. Compared with January 2014, the index increased 6.6 percent, marking 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 percent,” 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.”
According to an ATA news statement, tonnage is up 6.7 percent since reaching its lowest point in March 2014.
For all of last year, seasonally adjusted tonnage was up 3.7 percent, slightly better than the 3.4 percent originally reported. In 2013, the index increased 5.5 percent.