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Truck tonnage rose in September because each truck is hauling more as carriers in the for-hire truckload market shrink from the lack of new trucks and drivers, according to the American Trucking Associations.
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American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased for first time since March.
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Supply constraints, a driver shortage and lack of equipment contributed to a softness in truck tonnage over the last few month, American Trucking Associations officials said.
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Truck tonnage has flattened out, according to the American Trucking Associations, which has seen its tonnage Index fall slightly for two months in a row.
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While American Trucking Associations’ tonnage numbers decreased in April, the numbers remained well above the lows of 2020.
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Truck tonnage fell in March for the second month in a row, but American Trucking Associations’ chief economist is still calling for a positive outlook.
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The 4.5% drop in the American Trucking Associations' tonnage numbers was largely due to severe winter weather during February.
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Is a broad statistic that can give us a real-time second-level read on the magnitude and direction of freight trends? The answer is rail carloads.
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Trucks remain the most commonly used mode to move freight, transporting 64% of the weight and 72% of the value in 2017.
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American Trucking Associations logged an advanced seasonally adjusted For-Hire Truck Tonnage Index increase of 1.4% in January after rising 1.2% in December 2020.
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