August’s truck tonnage index jumped 4.5% from a year ago to a record 132.6 reading...
ATA’s advanced seasonally adjusted for-hire index was also up 1.6% on a monthly basis from July, and eclipsed the previous high set last November at 131.
ATA uses the year 2000 as a 100-reading baseline.
The year-over-year jump — the biggest this year — followed a 3.7% July increase that was revised up from an originally reported 3.6% gain.
Bob Costello, ATA chief economist, said higher retail sales and factory production in August helped push tonnage to its highest level ever.[Read More]