WASHINGTON (April 28, 2010) — Tonnage shipped by the U.S. trucking industry was up 7.5 percent in March from a year earlier, according to the American Trucking Associations' (ATA) latest data, helping improve the industry's performance in the first quarter by 4.9 percent from the same 2009 period.
The March improvement was the fourth straight monthly improvement and the largest one-month increase since January 2005, the ATA said.
ATA Chief Economist Bob Costello attributed the first-quarter improvement to the growing economy and to inventory building.
“Freight is moving in the right direction” he said, “and I continue to hear from motor carriers that both the demand and supply situations are steadily improving.
The ATA tracks the industry through a monthly seasonally adjusted for-hire truck tonnage index.