Truck tonnage dropped in April, says ATA
The American Trucking Associations' (ATA) truck tonnage index fell 2.2% in April following a 1.2% increase in March.
ATA Chief Economist Bob Costello says the year-over-year decrease was not surprising, given the weak anecdotal reports from carriers as well as the unexpected strength in March.
"April’s tonnage figures highlight that the economy hasn’t turned the corner just yet," he notes.
"We can expect this volatility to continue over the next few months, with the potential for more year-over-year contractions."