The American Trucking Association Chief Economist Bob Costillo warns trucking companies to not expect this year’s rate of growth to mirror the last two, referring to the 5.8% growth seen in 2010 and 2011.
The For-Hire Truck Tonnage Index showed a slight rate of grown of 0.2% in March, after February’s 0.5% increase.
The seasonally adjusted index was up 2.7% in March, the smallest year-over-year increase since December 2009.
The not-seasonally-adjusted index equaled 123.2 in March, which was 9.1% above February. The not-seasonably-adjusted index represents change in tonnage actually hauled by fleets, before seasonable adjustments.
“March tonnage, and the first quarter overall, was reflective of an economy that is growing moderately. The pace of freight definitely slowed from the torrid pace in late 2011… Most economic indicators still look good, which will continue to support tonnage going forward,” Castillo said.
To view Castillo’s recorded index report, click on the video below.