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Truck tonnage in June inched up 0.5% compared with year-ago levels, a slowdown compared with recent months amid a tempering of freight activity nationwide, according to American Trucking Associations’ For-Hire Truck Tonnage Index.

2021 welcomes a new administration and offers a new climate in which to negotiate freight hauling, but it must also contend with some of 2020's ailments, including a continuing pandemic and the wildly disparate performance of different business sectors. ATA Chief Economist Bob Costello joins TT's Dan Ronan to discuss this interesting economic moment and what it means for the trucking industry.

The U.S. economy, which had begun to improve, is now in jeopardy of stalling amid rising cases of COVID-19 infections.

Sign up to watch replays of our previous webcasts with American Trucking Associations Chief Economist Bob Costello and Nikola founder and executive chairman Trevor Milton.

INDIANAPOLIS — Bob Costello isn’t sure that a recession — a downturn that could impact freight and trucking companies across North America — is coming, or when, but the economist senses something is amiss.

NASHVILLE, Tenn. — The U.S. trucking industry is enjoying its best business environment since deregulation in 1980, and the good times will continue in the near term unless trade disputes hinder economic growth, American Trucking Associations Chief Economist Bob Costello said.

Truck tonnage in February was up nearly 6% compared with February 2017, according to American Trucking Associations’ monthly for-hire truck tonnage index. Tonnage is up 7.1% year-to-date, compared with the same two months in 2017.

Truck tonnage rose 8.8% in January on a year-over-year basis, according to American Trucking Associations’ monthly for-hire truck tonnage index.

NASHVILLE, Tenn. — The freight market is as strong as it has been since deregulation in the 1980s, according to American Trucking Associations Chief Economist Bob Costello.

Truck tonnage surged 7.6% year-over-year in November after a 10.5% increase in October, according to American Trucking Associations.