Truck tonnage fell in December but squeezed out a small increase for all of 2016.
The tonnage of freight dipped 0.7 percent last month compared with the same month a year earlier, the American Trucking Associations reported on Tuesday.
But for the year, truck tonnage in 2016 increased 2.5 percent compared with the prior year.
“The ups and downs that plagued most of 2016 continued in December,” said Bob Costello, ATA’s chief economist. “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,” Costello said. “This includes the continued spending by consumers, larger wage gains, and solid home construction.”
Trucking represented 70.1 percent of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods last year.
“Motor carriers collected $726.4 billion – or 81.2 percent – of total revenue earned by all transport modes,” the ATA said.