Post by HardTimeTrucker on Apr 27, 2009 16:35:50 GMT -5
Bottom not reached yet says ATA
April 27th, 2009
Just as it looked as though trucking was beginning to recover from the recession, tonnage dropped steeply in March.
The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index fell 4.5 percent in March, marking the first month-to-month decrease of 2009. The index fell 12.2 percent compared with March a year ago.
The decline was steep enough to erase gains of the previous two months bringing the index to 101.4, its lowest level since March 2002.
“Many fleets were telling us during March that freight was getting a little better. The problem is that freight should be significantly better in March, which is why the seasonally adjusted index fell,” said ATA Chief Economist Bob Costello. “While the industry is desperate for some positive news, it is unfortunate that March’s data suggests the industry has not hit bottom just yet.”
April 27th, 2009
Just as it looked as though trucking was beginning to recover from the recession, tonnage dropped steeply in March.
The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index fell 4.5 percent in March, marking the first month-to-month decrease of 2009. The index fell 12.2 percent compared with March a year ago.
The decline was steep enough to erase gains of the previous two months bringing the index to 101.4, its lowest level since March 2002.
“Many fleets were telling us during March that freight was getting a little better. The problem is that freight should be significantly better in March, which is why the seasonally adjusted index fell,” said ATA Chief Economist Bob Costello. “While the industry is desperate for some positive news, it is unfortunate that March’s data suggests the industry has not hit bottom just yet.”