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.
For-hire truck tonnage outperformed some other key metrics that drive truck freight, like housing starts and factory output in December 2022.
For-hire truck tonnage saw the largest single monthly decrease in November since the start of the pandemic, according to ATA.
For-hire truck tonnage saw the largest single monthly decrease in October since the start of the pandemic.
Compared with September 2021, truck tonnage increased 5.5%, which was the thirteenth straight year-over-year gain.
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