New Tool: ProSource
Checkout our packaging and processing solutions finder, ProSource.

Trucking: The barometer of the U.S. economy?

American Trucking Associations and SelectUSA point to a link between over-the-road transportation and the national economy.

American Trucking Assn. and SelectUSA point to a link between over-the-road transportation and the national economy.
American Trucking Assn. and SelectUSA point to a link between over-the-road transportation and the national economy.

A Nov. 24, 2015 report issued by the American Trucking Associations (ATA) said that its seasonally adjusted For-Hire Truck Tonnage Index rose 1.9% in October, following a 0.7% decrease during September.

Despite the jump, “tonnage has been overall pretty flat this year,” said ATA Chief Economist Bob Costello.

The release notes, “Trucking serves as a barometer of the U.S. economy, representing 68.8% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled just under 10 billion tons of freight in 2014. Motor carriers collected $700.4 billion, or 80.3% of total revenue earned by all transport modes.” ATA calculates the tonnage index based on surveys from its membership and has been doing so since the 1970s.

On a broader scale, spending in the U.S. logistics and transportation industry was $1.33 trillion in 2012, according to a SelectUSA article. “Analysts expect industry investment to correlate with growth in the U.S. economy,” said the story.

SelectUSA includes the following industry subsectors: Logistics services, air and express delivery services, freight rail, maritime, and trucking.

Discover the right packaging solutions for life sciences in Philadelphia
Explore innovative packaging and supply chain solutions for the life sciences at the largest PACK EXPO East in history, March 18–20. Get ideas from 400+ top exhibitors and connect with colleagues and industry experts—all in one convenient location!
Read More
Discover the right packaging solutions for life sciences in Philadelphia
Discover Our Content Hub
Access Healthcare Packaging's free educational content library!
Read More
Discover Our Content Hub