Yellow | Truck Tonnage Jumps 7.5%


Jay C


The increase was the biggest since January 2005, and in the first quarter tonnage rose 4.9% from the same period last year, ATA said late Tuesday in its monthly seasonally adjusted for-hire truck tonnage index.

ATA Chief Economist Bob Costello said that he is getting more optimistic about the motor carrier industry’s recovery.

“Freight is moving in the right direction and I continue to hear from motor carriers that both the demand and supply situations are steadily improving,” he said in a statement.

Costello attributed the first-quarter improvement in tonnage to the growing economy and to a slight inventory build after some sectors slashed inventories by too much in 2009.

let's get ready to rumble