ATA Truck Tonnage Index Decreased 2% in March
WASHINGTON, April 23, 2024 /PRNewswire/ -- American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index declined 2% in March after increasing 4% in February. In March, the index equaled 113.4 (2015=100) compared with 115.7 in February.
- WASHINGTON, April 23, 2024 /PRNewswire/ -- American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index declined 2% in March after increasing 4% in February.
- "Tonnage in March suggests that truck freight volumes remain lackluster, and it is clear the truck freight recession continued through the first quarter," said ATA Chief Economist Bob Costello.
- ATA's For-Hire Truck Tonnage Index is dominated by contract freight as opposed to spot market freight.
- ATA calculates the tonnage index based on surveys from its membership and has been doing so since the 1970s.