Refrigeratedtransporter 3080 Ata Truck Tonnage 01232018

December Truck Tonnage Index drop can’t blemish “solid year” for industry

Jan. 24, 2018
Learn why ATA's For-Hire Truck Tonnage Index felling in December 2017 fails to mar a solid year for tonnage.

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index fell for the first time since September 2017, losing 5.7% in December 2017. In December, the index equaled 142.9 (2000=100), down from 151.6 in November.

For all of 2017, compared with 2016, the index was up 3.7%. This was the largest annual gain since 2013 (6.1%).

Compared with December 2016, the SA index increased 5.9%, which was down from November’s 7.5% year-over-year gain, but still very strong. In October, the index surged 10.5% on a year-over-year basis.

ATA also revised its November monthly increase in the index down to a 2.1% gain from the previously reported 2.3% advance.

The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 141.9 in December, which was 3.4% below the previous month (146.9).

“Despite the decline in December, last year was a solid year for truck tonnage, especially during the second half of 2017,” said Bob Costello, ATA chief economist. “I remain optimistic for 2018 for a host of reasons, including a pick-up in factory activity, better housing construction, solid retail sales and an expected shot in the arm from the new tax law.”

Trucking serves as a barometer of the US economy, representing 70.6% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled nearly 10.5 billion tons of freight in 2016. Motor carriers collected $676.2 billion, or 79.8% of total revenue earned by all transport modes.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...