The February truck tonnage index fell 2.8% on a year-over-year basis, but American Trucking Associations chief economist said freight activity was still strong and fell short because of the record-setting February 2016 comparison.
ATA’s seasonally adjusted index was 138.7 in February compared with 138.9 in January and 142.7 one year ago.
“February’s numbers, especially the year-over-year drop, might surprise some as several other economic indicators were positive in February,” said ATA chief economist Bob Costello.
