Bob Costello Related Content

Truck Freight Market Ended 2023 With Double-Digit Drops In Volume and Spending

The U.S. truck freight market ended 2023 with further declines in both shipment volume and spending, according to U.S. Bank. Compared to the same period in 2022, fourth quarter shipment volume was down 15.7% in 2023, while spending by shippers contracted 13.5%. read more

Truck Freight Volume & Spending Decline by Sharpest Amount Since Early COVID-19 Pandemic

Truck freight volume and spending in Q2/23 declined by the highest levels since the early days of the COVID-19 pandemic, according to the latest U.S. Bank Freight Payment Index. Spending by shippers dropped 10.9% in the quarter compared with Q2/233, while shipment volume dropped 9%. read more

Trucking Industry Moved More Than 11.4B Tons of Freight in 2022, Generating $940.8B

According to the latest edition of American Trucking Associations’ American Trucking Trends 2023 report, trucks moved more than 11.4 billion tons of freight in 2022, generating more than $940 billion, which were both increases from 2021. read more

Truck Freight Volume Continues to Contract Nationwide Despite Increases in Southwest

According to the latest U.S. Bank Freight Payment Index, the volume of freight shipments moved via truck in the United States declined in Q1/23 by 6.1% year over year. This was the fourth quarter in a row in which volume has contracted on an annual basis. read more

ATA Truck Tonnage Index Experiences First Y/Y Decrease Since August 2021

The American Trucking Associations’ advanced seasonally adjusted for-hire truck tonnage index fell 5.4% in March to 111.6 after increasing 0.9% in February to 118. Compared with March 2022, the index decreased 5%, marking the first year-over-year decrease since August 2021. read more

American Trucking Association: Driver Shortage Remains High

American Trucking Associations calculated the driver shortage has eased slightly but remains near its all-time high. read more

Trucking Wages Jumped in 2021 as Labor Shortages, Supply Chain Issues Increased Demand

According to American Trucking Associations’ 2022 driver compensation study, wages for American truckers rose significantly in 2021 as demand for drivers amid the ongoing driver shortage increased competition for talent. read more

ATA Truck Tonnage Index Increased 1% in December

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1% in December after rising 0.5% in November. In December, the index equaled 114.7 (2015=100) compared with 113.5 in November. read more

ATA Projects 28% Increase in Freight Tonnage by 2032

According to its latest forecast, the American Trucking Associations expect total freight tonnage to grow from an estimated 15.1 billion tons in 2021 to 19.3 billion tons in 2032, marking a 28% increase. read more

ATA Truck Tonnage Index Decreased 1.5% in June

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.5% in June after falling 1% in May. In June, the index equaled 111.6 (2015=100) compared with 113.3 in May. read more

ATA Truck Tonnage Index Decreases 0.7% M/M in May, Still Up 3.7% Y/Y

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 0.7% in May after falling 0.6% in April. In May, the index equaled 113.7 (2015=100) compared with 114.5 in April. read more

ATA Truck Tonnage Index Decreases 5.1% in March

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 5.1% in March after falling 2.3% in February. In March, the index equaled 106.8 (2015=100) compared with 112.5 in February. read more

ATA Truck Tonnage Drops Slightly in February

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index was down 2% in February after increasing 2.5% in January. read more

ATA Truck Tonnage Index Rises 0.2% in September

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 0.2% in September after falling 4% in August. read more

ATA Truck Tonnage Index Falls 3.2% in August

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index declined 3.2% in August after jumping 6.2% in July. read more

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