Truck tonnage fell 2.1% in November compared with year-ago levels, the first year-over-year decline since April 2017, according to American Trucking Associations’ For-Hire Truck Tonnage Index.
Last month, the seasonally adjusted index equaled 113.5, compared with 118.9 in November 2018. In calculating the index, 100 represents the year 2015.
“It’s tough to sugarcoat November’s reading,” ATA Chief Economist Bob Costello said in a Dec. 23 news release. “While disappointing, it fits with the expected soft gross domestic product reading expected in the fourth quarter and reports of a soft fall freight season.”
The November result also marked the
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