Truck Tonnage Index Off 0.1% in February, Down 2.8% Below Y/o/Y

| March 22, 2017

 ATA Truck Tonnage Index Decreased 0.1% in February Tonnage Index 2.8% Below February 2016

American Trucking Associations‘ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index slipped 0.1% in February, following a 2.9% increase during January.

In February, the index equaled 138.7 (2000=100), down from 138.9 in January. The all-time high was 142.7 in February 2016.

Compared with February 2016, the SA index decreased 2.8%. In January, the index rose 2.6% on a year-over-year basis. Year-to-date, compared with the same two months in 2016, the index is off 0.1%. For all of 2016, tonnage was up 2.5%.

“February’s numbers, especially the year-over-year drop, might surprise some as several other economic indicators were positive in February,” said ATA Chief Economist Bob Costello. “However, I’m not worried about the decline from February last year as it was really due to very difficult comparisons more than anything else: February 2016 was abnormally strong.”

 

Tags: , ,

Category: Featured

Comments are closed.