The American Trucking Association is reporting its Truck Tonnage Index increase 2.3% in November and is 7.6% higher than this time in 2016. Year-to-date, compared with the same eleven months in 2016, the index is up 3.5%.
“The freight market is really strong,” said ATA Chief Economist Bob Costello. “The solid truck tonnage figures over the last four months suggest to me that this holiday spending season might be better than many expected, and the best in several years. The strength in tonnage also shows that other parts of the economy are doing well, too, including business investment, factory output, and even construction.”