The combination of solid retail sales, inventory rebuilding, and generally higher factory output offset some areas of softer freight growth in October, according to ATA’s chief economist.
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.
American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased for first time since March.
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.
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.
While American Trucking Associations’ tonnage numbers decreased in April, the numbers remained well above the lows of 2020.
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.
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.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
