Truck Tonnage Index Rises

Trucking activity rose 0.5 percent in February from January, showing freight volumes are rising after a post-holiday slump.  The American Trucking Association’s (ATA’s) tonnage index also showed a 5.5 percent year-over year increase for February, showing signs of recovery to levels seen before the recession. Since bottoming out in 2009, the tonnage levels are up 18.2 percent.

This sustained increase is accredited to increases in U.S manufacturing and exports.  Although there are concerns over the record high diesel prices, the ATA believes higher employment rates will counter the impact of higher fuel costs.