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Truck Tonnage Fall Could Portend Recession

After remaining unchanged in February, the American Trucking Association's advanced seasonally adjusted For-Hire Truck Tonnage Index fell 3.3% in March.

By John McCloud | Updated on April 28, 2008

ARLINGTON, VA-After remaining unchanged in February, the American Trucking Association’s advanced seasonally adjusted For-Hire Truck Tonnage Index fell 3.3% in March, while the not seasonally adjusted index increased 3.8%. Both, however, ended near the same point – the former at 113.4, the latter at 113.2, with 100 representing levels in 2000.

The 3.3% drop was the largest month-to-month contraction since August ’06, taking the index to its lowest level since November. Additionally, tonnage contracted 0.2% compared with March ’07, marking the first year-over-year decrease in the index in six months. According to ATA chief economist Bob Costello, the latest tonnage reading represents a significant setback for the industry. “I’ve been concerned that the recent run-up in tonnage might not be sustainable, and clearly March’s figures confirmed that apprehension,” he says.

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