Truck tonnage experienced its steepest declines since 2020 amid slowdowns across multiple sectors, American Trucking Associations announced.
The ATA For-Hire Truck Tonnage Index fell 5% in March to 111.6 on a seasonally adjusted basis compared with 118.8 a year ago. The index fell 5.4% on a sequential basis compared with a reading of 118 in February. The year-over-year decline was the first since August 2021.
During the first quarter of this year, tonnage dipped 0.6% compared with the first three months of 2022.
