US truck tonnage enjoys biggest increase in 13 years
Posted in : News | Jan 26, 2012 | Comments 0
Tonnage of US truck rose 6.8 percent in the month December after growing modest 0.3 percent in the month of November, according to American Trucking Associations.
In the year 2011, the tonnage increased 5.9 percent over previous year which is the biggest annual increase since the year 1998. The tonnage for last month of 2011 was 10.5 percent more than that of December 2010, this is the biggest year-over-year increase since of July 1998. The tonnage for November was up by 6.1% percent over same month in the last year.
Bob Costello, the ATA chief economist said that he isn’t surprised that the tonnage increased in the month of December and he is surprised at magnitude of this gain. Costello knew that this was biggest largest month-to-month rise ever since January 2005.
He added that truck tonnage has increased due solid output of manufacturing for December and also due to restocking of inventory. Inventories, particularly at retail level, are very lean, and hence he suspects that the tonnage was more than expected because supply chain did a bit of restocking during that month.
