Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
4/22/2014 4:30:00 PM Write a Letter to the Editor Write a letter to the Editor

March Truck Tonnage Index Rises 3.1%


Tom Biery/Trans Pixs

Truck tonnage rose again in March, climbing 3.1% over the same month of 2013, despite residual weather troubles, American Trucking Associations said April 22.

ATA’s advanced seasonally adjusted index based on for-hire carriers’ freight also increased on a month-to-month basis, rising 0.6% in March over February.

“Tonnage continued to claw its way out of the hole that was dug in December and January,” said ATA Chief Economist Bob Costello. “However, with a cumulative gain of 2.5% during the last two months, we still have a way to go to offset the total loss of 5.2% in December and January.

Last month’s result was the best year-over-year tonnage performance of 2014. For the first quarter, tonnage improved 2.3% this year over 2013, despite winter weather east of the Rocky Mountains that was among the worst in U.S. history.

“Despite the fact that tonnage hasn’t snapped back to the levels we saw late last year, the fundamentals for truck freight continue to look good,” Costello said in a statement. “While it will take time to regain what was lost due to weather and other factors, like a potential inventory correction in the first quarter, I remain optimistic for 2014.”

First-quarter tonnage trailed the fourth quarter of 2013, when all-time index levels were reported, and dropped 2.3% on a sequential basis.

The index was 127.3 in March, compared with a 126.5 in February, ATA reported, noting a revision of the February result that reduced the amount of the sequential increase in the index to 1.9%.

By Rip Watson
Senior Reporter

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement