May Truck Tonnage Rises 4.1% inShare Print This E-mail ThisLarry Smith/Trans PixsTruck tonnage rose 4.1 % in May from a year ago, the biggest year-over-year gain since February, American Trucking Associations said Tuesday.Sequentially, tonnage slipped 0.7% from April, following a 1.1% decline from March, ATA said in its monthly seasonally adjusted for-hire truck tonnage report.The not seasonally adjusted index, which represents the change in tonnage actually hauled by fleets before seasonal adjustments, was 124.5 in May, 6.5% above April.Year-to-date, tonnage is 3.8% over the same period last year, said ATA, which uses the year 2000 as a 100-reading baseline.“Two straight months of [monthly] contractions is disappointing,” ATA Chief Economist Bob Costello said in a statement. “The drops in tonnage are reflective of the broader economy, which has slowed.”
Gran- decent data that you've posted but it's somewhat irrelevant. Tonnage tells us very little. Miles driven data is the most important variable that most analyst track. Based on what I'm seeing Q2 is going to be a BLOWOUT quarter!