ARLINGTON, VA — Don't expect the rate of growth this year to mirror the last couple of years, said American Trucking Associations’ (ATA) Chief Economist Bob Costello, referring to the 5.8 percent growth in both 2010 and 2011.
“Expect tonnage overall this year to be up at a more moderate rate, perhaps less than 3 percent, which is more in-line with normal growth.”
The ATA advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index, released today, showed a slight up-tick of 0.2 percent in March after increasing 0.5% in February.
Compared with March 2011, the SA index was up 2.7 percent, which was the smallest year-over-year increase since December 2009.
“March tonnage, and the first quarter overall, was reflective of an economy that is growing, but growing moderately,” Costello said. “The pace of freight definitely slowed from the torrid pace in late 2011.”
The not-seasonally adjusted index was 9.1 percent above the previous month.
Costello explains more in the video.
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