Truck Tonnage Index Surges 3.8% in January; Trucking Activity Is Back to Pre-Recession Levels
"The American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index increased 3.8 percent in January after rising a revised 2.5 percent in December 2010. The latest jump put the SA index at 117.1 (2000=100) in January, which was the highest level since January 2008 (see chart above). In December, the SA index equaled 112.7. Compared with January 2010, SA tonnage climbed 8 percent, which was the largest year-over-year increase since April 2010. For all of 2010, tonnage was up 5.7 percent compared with 2009."
MP: Trucking activity in the U.S. has now returned to the pre-recession levels of late 2007-early 2008.