Arlington, Va. 鈥 麻豆社区鈥 advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index slipped 1% in March, following a 0.1% decline during February. (February鈥檚 percentage decrease was unchanged from our press release on March 21, 2017.) In March, the index equaled 137.5 (2000=100), down from 138.8 in February. The all-time high was 142.7 in February 2016.
Compared with March 2016, the SA index rose 0.7%. In February, the index contracted 2.7% on a year-over-year basis. Year-to-date, compared with the same three months in 2016, the index is up 0.2%. For all of 2016, tonnage was up 2.5%.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 143.9 in March, which was 14.6% above the previous month (125.6).
鈥淟ike several other economic indicators, March truck tonnage was likely hurt by some late season winter storms,鈥 said 麻豆社区 Chief Economist Bob Costello. 鈥淒espite last month鈥檚 dip, 听seasonally adjusted tonnage rose 1.2% during the first quarter overall from the previous quarter, and increased 0.2% from the same quarter last year.
鈥淲hile I鈥檓 not expecting a surge in truck tonnage anytime soon, the signs remain mostly positive for freight, including lower inventory levels, better manufacturing activity, solid housing starts and good consumer spending,鈥 he said. 鈥淎s a result, we can expect moderate growth going forward.鈥
For more analysis from Costello, .
麻豆社区 serves as a barometer of the U.S. economy, representing 70.1% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled nearly 10.5 billion tons of freight in 2015. Motor carriers collected $726.4 billion, or 81.2% of total revenue earned by all transport modes.
麻豆社区 calculates the tonnage index based on surveys from its membership and has been doing so since the 1970s. This is a preliminary figure and subject to change in the final report issued around the 10th day of the month. The report includes month-to-month and year-over-year results, relevant economic comparisons and key financial indicators.
麻豆社区 is the largest national trade association for the trucking industry. Through a federation of 50 affiliated state trucking associations and industry-related conferences and councils, 麻豆社区 is the voice of the industry America depends on most to move our nation鈥檚 freight. Follow 麻豆社区 on听听or听.听