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Truck tonnage ended 2020 on high note, according to American Trucking Associations, as its seasonally adjusted For-Hire Truck Tonnage Index increased 7.4% in December after rising 3.2% in November.
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Truck tonnage in November was up compared to October but down year over year, according to the American Trucking Associations.
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A drop in the American Trucking Associations' truck tonnage numbers in October could be another sign that the economic recovery is slowing, but it also may be a case of seasonal trends thrown off by the pandemic.
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Most major freight indexes continued to advance last month, but the economy may not be as healthy as we would hope.
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While the American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased in September, it saw a dip compared to September 2019.
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The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 5.6% in August, a 1.4% drop from July.
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According to the American Trucking Associations, the advanced seasonally adjusted For-Hire Truck Tonnage Index fell 5.1% in July (109.6) after increasing 8.9% the previous month (115.5).
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After dropping 1% in May, the American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 8.7% in June, equaling 115.3 compared with 106.1 in May.
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The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index only decreased 1% in May to 106.1 after falling 10.3% in April to 107.2.
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The American Trucking Associations’ Truck Tonnage Index saw a huge drop in for-hire freight levels in April, plummetting 12.2% after seeing a slight 0.4% upturn in March.
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