ATA trucking tonnage results from February show encouraging spike
By Dan Boaz
Great results released by the American Trucking Association’s (ATA) show that the seasonally-adjusted For-Hire Truck Tonnage Index managed to reach an all-time high in last month (February 2016) seeing a spike of 7.2% following a 0.3% reduction in January.
In comparison with the same timeframe for 2015, the seasonally adjusted index shows plus 8.6% for February while the year-to-date comparison growth was plus 4.8%.
The index results are encouraging but as ATA chief economist explained there are some important factors to consider when gauging the figures:
“While it is nice to see a strong February, I caution everyone not to read too much into it. The strength was mainly due to a weaker than average January, including bad winter storms, thus there was some catch-up going on in February. Normally, fleets report large declines to ATA in February tonnage, in the range of 5.4% to 6.7% over the last three years. So, the small increase this year yielded a big seasonally adjusted gain. If March is strong, then I’ll get more excited."
We share that sentiment and will report the March results here on the Expedited Freight blog.
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