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.
Truck tonnage in November was up compared to October but down year over year, according to the American Trucking Associations.
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.
Most major freight indexes continued to advance last month, but the economy may not be as healthy as we would hope.
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.
The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 5.6% in August, a 1.4% drop from July.
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).
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.
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.
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.