ARLINGTON, Va. — US truck tonnage inched up 0.4% in March, which comes on the heels of a revised 0.3% decrease in February.
The small month-to-month gain puts US truck tonnage at its highest level since November 2008, according to the American Trucking Associations, which maintains the index.
Compared to a year ago, March truck tonnage was up 7.5% marking the fourth consecutive month of year-over-year agains and the largest since January 2005. For the first quarter of 2010, US truck tonnage was up 4.9% compared to the same period last year.
“Freight is moving in the right direction and I continue to hear from motor carriers that both the demand and supply situations are steadily improving,” said ATA chief economist Bob Costello. “For most fleets, freight volumes feel better than reported tonnage because the supply situation, particularly in the truckload sector, is turning quickly.”
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