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May 23, 2018

American truck tonnage index increased 2.2% in April

The American Trucking Associations' (ATA) For-Hire Truck Tonnage Index increased 2.2% in April after easing 1% in March. In April, the index equaled 112.5 (2015=100), up from 110.1 in March.

Compared with April 2017, the index surged 9.5%, which was the largest year-over-year increase since October 2017. Year-to-date, compared with the same four months last year, tonnage increased 8%, far outpacing the annual gain of 3.8% in 2017.

"Truck freight tonnage remains robust," said ATA Chief Economist Bob Costello. "And I don't think we've even seen the traditional spring freight season yet. People are just getting around to buying grills, lawn mowers, and yard tools."

"Plus, the produce season was also delayed due to a cold snap in early spring. Longer-term, strength in consumption, factory output, and construction should keep truck freight tonnage solid for the quarters ahead."

Source: ATA