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April 25, 2018

American truck tonnage index decreased 1.1% in March

The American Trucking Associations' (ATA) For-Hire Truck Tonnage Index declined 1.1% in March after easing 0.8% in February.

Compared with March 2017, the index jumped 6.3%, which was below February's 7.7% year-over-year gain, but still well above 2017's annual increase. For all of 2017, the index increased 3.8% over 2016. In the first quarter of this year, tonnage rose 0.9% and 7.4% from the previous quarter and a year earlier, respectively.

"Despite a softer March and February, truck freight tonnage remains solid as exhibited in the year-over-year increase of 6.3%," said ATA Chief Economist Bob Costello.

"While I expect the pace of growth to continue moderating in the months ahead, if for no other reason than year-over-year comparisons will become more difficult as tonnage snapped back in May of 2017, the levels of freight will remain good going forward."

Source: ATA