Tonnage surged in November: The amount of freight moved by for-hire carriers, as measured by ATA’s monthly Truck Tonnage Index, jumped 8.2 percent in November from October, ATA reported this week.
Compared to November 2015, tonnage was up 5.2 percent. Year to date through November, tonnage is up 2.8 percent, ATA reports.
ATA Chief Economist Bob Costello says November’s gain continued the “seesaw pattern” seen in 2016. However, more steady improvements in monthly truck tonnage is near, he says.
“I do believe we are seeing some improvement that will continue into 2017. Retail sales are good, the housing market is solid, and the inventory overhang throughout the supply chain is coming down, all of which will help support truck freight volumes in 2017,” he said.
About NewStream Enterprises (NSE) | NSE, a subsidiary of SRC Holdings Corporation, was formed in 1990 to provide customized supply chain management, such as kitting, packaging, light assembly, warehousing, distribution, and fulfillment, to the world’s leading On and Off Highway original equipment manufacturers (OEMs). It is an employee owned company which truly believes in the power of a workforce when each has a stake in outcome. NSE can manage all or any segment of your supply chain process. Our services are customized to fit your requirements. From materials management, to direct order fulfillment, NSE becomes a seamless extension of your business.