The American Trucking Assns. (ATA) said its advanced seasonally adjusted Truck Tonnage Index rose 1% to a record high 156.5 (1993=100) in March.
March’s advance was the sixth in the last seven months and followed an increase of 1.8% in February.
From February to March, the unadjusted index surged 17.3%. Compared to March 2003, the unadjusted index jumped 12.3%, the strongest year-over-year gain in since December 2002. Year-to-date, compared to the same period in 2003, truck tonnage was up a hearty 6.7%.
"This solid growing economy propelled truck tonnage to a new high in March," said ATA Chief Economist Bob Costello. "And I believe the factors are in place for continued robust truck tonnage growth in the foreseeable future, including strong manufacturing production, inventory rebuilding, and solid consumer spending."
Trucks hauled 9 billion tons of freight in 2003, or 68.9% of tonnage carried by all modes of domestic freight transportation. Motor carriers collected $610 billion dollars, or 86.9% of total revenue earned by all transport modes.
ATA calculates the tonnage index based on surveys from its membership and has been doing so since the 1970s. This is a preliminary figure and subject to change in the final report issued around the seventh day of every month. ATA is the largest national trade association for the trucking industry. Through a federation of other trucking groups, industry-related conferences, and its 50 affiliated state trucking associations, ATA represents more than 37,000 members covering every type of motor carrier in the United States.
March’s advance was the sixth in the last seven months and followed an increase of 1.8% in February.
From February to March, the unadjusted index surged 17.3%. Compared to March 2003, the unadjusted index jumped 12.3%, the strongest year-over-year gain in since December 2002. Year-to-date, compared to the same period in 2003, truck tonnage was up a hearty 6.7%.
"This solid growing economy propelled truck tonnage to a new high in March," said ATA Chief Economist Bob Costello. "And I believe the factors are in place for continued robust truck tonnage growth in the foreseeable future, including strong manufacturing production, inventory rebuilding, and solid consumer spending."
Trucks hauled 9 billion tons of freight in 2003, or 68.9% of tonnage carried by all modes of domestic freight transportation. Motor carriers collected $610 billion dollars, or 86.9% of total revenue earned by all transport modes.
ATA calculates the tonnage index based on surveys from its membership and has been doing so since the 1970s. This is a preliminary figure and subject to change in the final report issued around the seventh day of every month. ATA is the largest national trade association for the trucking industry. Through a federation of other trucking groups, industry-related conferences, and its 50 affiliated state trucking associations, ATA represents more than 37,000 members covering every type of motor carrier in the United States.
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