By Jeff Berman, Group Information Editor ·
February 23, 2021
Truck tonnage information readings, for the month of January, have been principally optimistic, in line with information issued right now by the American Trucking Associations (ATA).
The ATA’s superior Seasonally Adjusted (SA) For-Rent Truck Tonnage Index for January—at 114.6 (2015=100)—headed up 1.4%, from December to January, following a 1.2% improve, from November to December, which got here in at 113.1.
On an annual foundation, January’s SA tonnage studying slipped 2.1% yearly, which represented an enchancment over December’s 2.6% annual decline, with all of 2020 down 4% in comparison with 2019. ATA officers identified that its For-Rent Truck Tonnage Index “is dominated by contract freight versus spot market freight.”
The ATA’s not seasonally-adjusted (NSA) index, which represents the change in tonnage truly hauled by fleets earlier than any seasonal adjustment and the metric ATA says fleets ought to benchmark their ranges with, got here in at 107.4, which was 4.5% beneath December’s 112.5.
“During the last 4 months, the tonnage index has elevated a complete of three.3%, which is clearly excellent news” stated ATA Chief Economist Bob Costello in a press release. “Nonetheless, the index continues to be off 2.8% from the excessive in March as tonnage plunged 9% in April alone. I proceed to anticipate a pleasant climb up for the financial system and truck freight as we get extra financial stimulus and elevated vaccination numbers.”
In a current interview with LM, Costello defined that the continued impression of the COVID-19 pandemic, particularly early on, had a significant impression on the trucking market, with a significant rush on sure shopper staples like meals and paper merchandise previous to circumstances plummeting round Might 2020.
However by the center of 2020 and into the autumn he stated circumstances noticed materials enhancements, resulting from issues like elevated e-commerce exercise and other people shopping for extra items than companies.
“E-commerce is a giant a part of that,” he stated. “And sure elements of trucking are up nonetheless regardless of the pandemic and is admittedly associated to the shopping for of shopper items…definitely round e-commerce. Among the freight volumes round single-family housing begins is robust, too. Temperature-controlled volumes associated to eating places continues to be off however associated to grocery shops is means up. It has been uncommon in that there have been totally different outcomes relying on which sort of provide chains you might be in and what kind of freight you might be hauling.”
February 23, 2021
In regards to the Writer
Jeff Berman, Group Information Editor
Jeff Berman is Group Information Editor for Logistics Administration, Fashionable Supplies Dealing with, and Provide Chain Administration Evaluate. Jeff works and lives in Cape Elizabeth, Maine, the place he covers all elements of the availability chain, logistics, freight transportation, and supplies dealing with sectors every day. Contact Jeff Berman
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