American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.1% in March, following a revised drop of 2.8% during the previous month.
Compared with March 2014, the SA index increased 5%, which was above the 3.3% gain in February but below January’s 6.7% year-over-year increase. During the first quarter, tonnage was unchanged from the previous quarter while increasing 5% from the same period in 2014.
“While tonnage did not fully recoup the loss from February, it increased nicely in March,” said ATA chief economist Bob Costello. “I’d say that tonnage was one of the better indicators for the month, which is a positive sign for the broader economy.”
Costello added that truck tonnage has increased in five of the last six months, but is off 1.7% from the high in January.
“The next couple of months will be telling for truck freight volumes as we enter the spring freight season,” he said.
To view the full American Trucking Associations press release, click here.
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