(Ari Ashe — Transport Topics)
One year ago, the truckload market was sluggish with many more trucks and freight available to move. Today, the tables have turned with greater demand, higher prices and tightening capacity.
Truck tonnage surged 7.6% year-over-year in November after a 10.5% increase in October, according to American Trucking Associations.
The For-Hire Truck Tonnage was 151.8 in November compared with 140 in the same month of 2016. On a sequential basis, the index grew 2.3% from the 148.4 in October. The index uses a base level of 100 for freight activity in the year 2000. Click here to read more.