The 4.5% drop in the American Trucking Associations' tonnage numbers was largely due to severe winter weather during February.
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.
Trucks remain the most commonly used mode to move freight, transporting 64% of the weight and 72% of the value in 2017.
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.
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.