ARLINGTON, Va. — US for-hire truck tonnage rose 1.1% in March, marking a 5% gain year-over-year.
The modest jump came on the heels of a revised 2.8% decline in February. During the first quarter, US for-hire truck tonnage was unchanged from the previous quarter but up 5% compared to Q1 2014.
“While tonnage did not fully recoup the loss from February, it increased nicely in March,” said American Trucking Associations chief economist Bob Costello. “I’d say that tonnage was one of the better indicators for the month, which is a positive sign for the broader economy.”
US truck tonnage has now increased in five of the last six months, but is still off 1.7% from the high recorded in January.
“The next couple of months will be telling for truck freight volumes as we enter the spring freight season,” Costello said.