5/22/2012 11:03:00 AM Write a Letter to the Editor Write a letter to the Editor April Truck Tonnage Rises 3.5%
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Larry Smith/Trans Pixs
Truck tonnage rose 3.5% in April from a year ago, American Trucking Associations said Tuesday.
The gain followed a 3.1% year-over-year increase in March that was larger than the 2.7% originally reported.
Month-to-month, tonnage slipped 1.1% from March, ATA said in its monthly seasonally adjusted for-hire truck tonnage report. Year-to-date, tonnage is up 3.8%.
March’s sequential increase from February was 0.6%, higher than the 0.2% originally reported, the trucking group said.
The not seasonally adjusted index, which represents actual tonnage, was rose to a reading of 116.9 in April, 5.5% below March. ATA uses the year 2000 as a 100-reading baseline.
“While April’s decrease was a little disappointing, the March gain turned out to be stronger than originally thought,” ATA Chief Economist Bob Costello said. “The ups and downs so far this year are similar to other economic indicators.