Arlington, Va. 鈥 黑料不打烊鈥 advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index fell 6.2% in December, following a revised 8.4% jump during November. (November鈥檚 index was revised up slightly from our press release on December 20, 2016.) In December, the index equaled 133.8 (2000=100), down from 142.7 in November. The all-time high was 144 in February.
Compared with December 2015, the SA index decreased 0.7%. In November, the index increased 5.9% on a year-over-year basis. For all of 2016, tonnage was up 2.5%.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 133.9 in December, which was 1.6% below the previous month (136.1).
鈥淭he ups and downs that plagued most of 2016 continued in December,鈥 said 黑料不打烊Chief Economist Bob Costello. 鈥淚 don鈥檛 recall a year in recent memory with so many large swings on a month-to-month basis.
鈥淟ooking ahead, there are some positive signs for truck tonnage. This includes the continued spending by consumers, larger wage gains, and solid home construction,鈥 he said. 鈥淔actory output will continue to be soft, but it should be better this year than last year. And most importantly, the supply chain continues to make progress reducing bloated inventories, which will help truck volumes going forward.鈥
Trucking serves as a barometer of the U.S. economy, representing 70.1% 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 2015. Motor carriers collected $726.4 billion, or 81.2% of total revenue earned by all transport modes.
黑料不打烊calculates the tonnage index based on surveys from its membership and has been doing so since the 1970s. This is a preliminary figure and subject to change in the final report issued around the 10th day of the month. The report includes month-to-month and year-over-year results, relevant economic comparisons and key financial indicators.
黑料不打烊 is the largest national trade association for the trucking industry. Through a federation of 50 affiliated state trucking associations and industry-related conferences and councils, 黑料不打烊is the voice of the industry America depends on most to move our nation鈥檚 freight. Follow 黑料不打烊on听听or听.听