From Transport Topics.
April truck tonnage declined 11.3% compared with year-ago levels, the steepest year-over-year decline since 2009, American Trucking Associations reported.
ATA on May 19 announced that its monthly, seasonally adjusted For-Hire-Truck Tonnage registered 104.9 in April, down from 118.4 a year ago. On a sequential basis, April was down 12.2% from March, when the index registered 119.5 (in calculating the index, 100 represents 2015 levels).
“April’s monthly decline was the largest in 26 years when there was a labor strike in April 1994,” ATA Chief Economist Bob Costello said in a statement. “Considering that April factory output and retail sales plummeted, the large drop in truck freight is not surprising.”