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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 0.2% in August after rising 1.1% in July.
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 2.4% in May after decreasing 1.7% in April. In May, the index equaled 115.4 (2015=100) compared with 112.7 in April.
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American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index fell 1.7% in April after decreasing 2.8% in March. In April, the index equaled 112.7 (2015=100) compared with 114.7 in March.
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March’s sequential decline in truck tonnage was the largest monthly drop since April 2020 during the start of the pandemic, according to ATA.
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“The fact that our [For-Hire Truck Tonnage Index] is growing sequentially and on a year-over-year basis demonstrates that contract freight continues to hold up at high levels,” ATA’s chief economist said.
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Some of the gain in the last couple months is attributable to capacity coming out of the network, ATA Chief Economist Bob Costello said.
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For-hire truck tonnage outperformed some other key metrics that drive truck freight, like housing starts and factory output in December 2022.
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For-hire truck tonnage saw the largest single monthly decrease in November since the start of the pandemic, according to ATA.
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For-hire truck tonnage saw the largest single monthly decrease in October since the start of the pandemic.
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Compared with September 2021, truck tonnage increased 5.5%, which was the thirteenth straight year-over-year gain.
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