Freight Up In May, Projected To Be Sign of Improving Economyby Jake Tully - Published: 6/20/2017
In a recent study conducted by the American Trucking Association, it is reported that the for-hire truck tonnage saw an increase of 6.5% in May 2017.
The ATA reports that this increase follows a relative dip in April, which was projected at 1.5% decline from March 2017.
Additionally, the ATA reports that the change in total tons hauled by trucks in May was 8.5% higher than the figures collected in April.
January 05, 2018 - Trucker Faces 20 Years After Pleading Guilty To Smuggling Alien Found Dead In Locked Toolbox
January 02, 2018 - Police Identify 2 Oregon Truck Drivers Killed In Fiery Head-On Crash
December 27, 2017 - Iowa First Of Eight States To Debut New Truck Parking Information System
Bob Costello, ATA Chief Economist, reported in press release issued by the association that May’s positive trends may be just indicative of the month, but the news seems to correlate with positive reports from fleets.
"After three straight declines totaling 2.6%, truck tonnage snapped back in May," said Costello. "One month does not make a trend, but the nice gain last month fits more with the anecdotal reports I've been hearing from fleets, at least more so than three straight months of decreases.”
According to Costello, the relatively large spike shown in May is likely coincide with moderate growth in the trucking industry as other economic factors improve.
The ATA reports that trucking industry accounts for nearly $726.4 billion of total revenue earned by all modes of commercial transportation in the United States.