Supply constraints, a driver shortage and lack of equipment contributed to a softness in truck tonnage over the last few month, American Trucking Associations officials said.
Truck tonnage has flattened out, according to the American Trucking Associations, which has seen its tonnage Index fall slightly for two months in a row.
While American Trucking Associations’ tonnage numbers decreased in April, the numbers remained well above the lows of 2020.
Truck tonnage fell in March for the second month in a row, but American Trucking Associations’ chief economist is still calling for a positive outlook.
The 4.5% drop in the American Trucking Associations' tonnage numbers was largely due to severe winter weather during February.
Is a broad statistic that can give us a real-time second-level read on the magnitude and direction of freight trends? The answer is rail carloads.
Trucks remain the most commonly used mode to move freight, transporting 64% of the weight and 72% of the value in 2017.
American Trucking Associations logged an advanced seasonally adjusted For-Hire Truck Tonnage Index increase of 1.4% in January after rising 1.2% in December 2020.
Truck tonnage ended 2020 on high note, according to American Trucking Associations, as its seasonally adjusted For-Hire Truck Tonnage Index increased 7.4% in December after rising 3.2% in November.
Truck tonnage in November was up compared to October but down year over year, according to the American Trucking Associations.
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