ATA's February Truck Tonnage Index falls slightly
For-hire truck tonnage falls from January, but year-over-year levels are up 5.4%, association says.
The American Trucking Associations' seasonally adjusted For-Hire Truck Tonnage Index fell slightly in February following a 2.5 percent increase in January, the trade association said this week.
At 117.4, the February Index fell 0.2 percent from January to February, but rose 5.4 percent compared to February 2018 levels. January's reading was revised up slightly since its release last month, according to ATA.
ATA's Chief Economist Bob Costello said he expects tonnage to continue to moderate following a strong performance in 2018. ATA's index saw its largest gain in 20 years last year, as the index increased 6.7 percent overall.
Trucking serves as a barometer of the U.S. economy, representing more than 70 percent of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods, according to ATA. The association calculates the tonnage index based on ATA member surveys.
Resources Mentioned In This Article
- West Coast ports post strong August
- Solving the final 50 feet: interview with Barbara Ivanov
- National Truck Driver Appreciation Week runs Sept. 8-14
- KeepTruckin says new hardware devices can help fleets handle flood of data from smart devices
- Loadsmart lines up $19 million investment from Maersk and others
Join the Discussion
After you comment, click Post. If you're not already logged in, you will be asked to log in or register.
Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : ATA's February Truck Tonnage Index falls slightly">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.