March Truck Tonnage Slips; Moderate Growth Forecast
Rough weather in March was to blame for depressed truck tonnage numbers in the month, according to the American Trucking Associations. Despite the drop, March’s numbers were still slightly better in year-over-year comparisons.
by Staff
April 18, 2017
1 min to read
The American Trucking Associations’ advanced seasonally adjusted truck tonnage index fell 1% in March, giving a reading of 137.5.
Rough weather in the month was to blame for the depressed truck tonnage numbers, according to ATA. Despite the drop, March’s numbers were slightly better in year-over-year comparisons.
Ad Loading...
“Like several other economic indicators, March truck tonnage was likely hurt by some late season winter storms,” said Bob Costello, ATA chief economist. “Despite last month’s dip, seasonally adjusted tonnage rose 1.2% during the first quarter overall from the previous quarter, and increased 0.2% from the same quarter last year.”
Without seasonal adjustment, March was 14.6% better than February but this was mostly attributed to the shorter month and other similar factors, which is why ATA adjusts the index to make better comparisons. Going forward, truck tonnage is expected to see some growth.
“While I’m not expecting a surge in truck tonnage anytime soon, the signs remain mostly positive for freight, including lower inventory levels, better manufacturing activity, solid housing starts and good consumer spending,” said Costello. “As a result, we can expect moderate growth going forward.”
Mack Financial Services has introduced the Rolling Asset Program, offering physical damage insurance for all makes and models within a customer's fleet.
A new partnership brings free wireless ELD service plus load optimization and dispatch planning tools to fourth- and fifth-generation Freightliner Cascadia customers, with broader model availability planned through 2026.
This white paper examines how advanced commercial vehicle diagnostics can significantly reduce fleet downtime as heavy duty vehicles become more complex. It shows how Autel’s CV diagnostic tools enable in-house troubleshooting, preventive maintenance, and faster repairs, helping fleets cut emissions-related downtime, reduce dealer dependence, and improve overall vehicle uptime and operating costs.
The $283 million acquisition of FirstFleet makes Werner the fifth-largest dedicated carrier and pushes more than half of its revenue into contract freight.
B2X Rewards is a new, gamified rewards program aimed at driving deeper engagement across BBM’s digital platforms, newsletters, events, and TheFleetSource.com.
Cargo theft losses hit $725 million last year. In this HDT Talks Trucking Short Take video, Scott Cornell explains how a bill moving in Congress could bring federal tracking, enforcement, and prosecutions to help address the problem.