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				Truck Tonnage Index Points to Moderate Growth
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						May 22, 2012 02:39 PM
					
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					Last Updated: May 22, 2012 02:39 PM
				
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				<p>ARLINGTON, VA &mdash; The American Trucking Associations&rsquo; (ATA) advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.2 percent in March, and rose 2.7 percent year-over-year &mdash; the smallest year-over-year increase since December 2009.</p>
<p>The not seasonally adjusted index was 9.1 percent above the previous month, ATA reported.</p>
<p>&ldquo;March tonnage, and the first quarter overall, was reflective of an economy that is growing, but growing moderately,&rdquo; ATA Chief Economist Bob Costello said. &ldquo;The pace of freight definitely slowed from the torrid pace in late 2011.</p>
<p>&ldquo;Most economic indicators still look good, which will continue to support tonnage going forward,&rdquo; he continued. Costello repeated the message that industry shouldn't be expecting the rate of growth to mirror the last couple of years, when tonnage grew 5.8 percent in both 2010 and 2011. &ldquo;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.&rdquo;</p>
<p>You can hear Costello explain more in the video below. </p>
			
				
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