Search
 

Manufacturing Declines Lead to Fall in Truck Tonnage

In the largest monthly contraction since August 2006, truck tonnage declined 3.3% in March.

By John McCloud | Updated on May 12, 2008

ARLINGTON, VA-In the largest monthly contraction since August 2006, truck tonnage declined 3.3% in March, the most recent period for which statistics are available, according to a report from the Arlington-based American Trucking Association. As a result, the organization’s seasonally adjusted tonnage index slipped 0.2% in March from a year earlier, ending four months of gains.

The decline provided new evidence of the weakened state of the US economy, says ATA chief economist Robert Costello. “I’ve been concerned that the recent run-up in tonnage might not be sustainable, and clearly March’s figures confirmed that apprehension,” he remarks. “The tonnage drop might suggest that the pullback in the economy could be more severe than previously thought.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.