After a May increase, North American truck tonnage fell in June, according to the American Trucking Associations.
The American Trucking Associations expects truck tonnage will grow from 11.3 billion tons this year to 12.2 billion tons by 2034.
The freight recession continues to bump along the bottom, with the spot market continuing to be battered by overcapacity amidst freight demand that is somewhat improved but still soft.
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.1% in September after rising 0.2% in August. In September, the index equaled 113.9 (2015 = 100) compared with 115.2 in August.
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 0.2% in August after rising 1.1% in July.
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.
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.
March’s sequential decline in truck tonnage was the largest monthly drop since April 2020 during the start of the pandemic, according to ATA.
“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.
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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