CCJ‘s Indicators rounds up the latest reports on trucking business indicators on rates, freight, equipment, the economy and more.
February’s flat tonnage seen as a positive
The American Trucking Associations’ monthly Truck Tonnage Index, a measure of the amount of freight moved by for-hire carriers, fell by two-tenths of a percent in February. Bob Costello, chief economist for ATA, called the small dip a “pleasant surprise,” due to mounting economic headwinds.
“I continue to expect tonnage to moderate like other indicators, including retail sales, manufacturing activity and housing starts. Additionally, the level of inventories throughout the supply chain have increased, which is a drag on truck freight.”
Compared with February 2018, the tonnage was up 5.4 percent.
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Trailer orders hold tight despite stalling growth
