Transport Topics (Jan. 20, 2021)
Trucking closed a tumultuous 2020 on an upswing, as truck tonnage in December rose a seasonally adjusted 2.3% year-over-year and jumped 7.4% compared with November in the strongest month-over-month gain in American Trucking Associations’ freight index since the summer. ATA Chief Economist Bob Costello said, “Freight continues to be helped by strong consumption, retail inventory restocking and robust single-family home construction.” However, freight tonnage was down 3.3% for all of 2020 compared with 2019.
