According to the American Trucking Associations, the For-Hire Truck Tonnage Index gained 0.6% in March. The increase for February was 1.9%, although the forecast was 2.8%. The March index was 127.3, while for February it was 126.5.
The record high, 131, was last November. Still, these results show a good trend out of the lower figures from December and January.
The index has increased with 3.1% altogether since March 2013. This is the biggest gain for 2014.
Analysts say that tonnage is still not at its best levels, but is showing signs of general improvement. They don’t expect the same increase as in 2013, which was 6.3% annual gain.
Category: Commercial Bonds