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IRU member the American Trucking Associations (ATA) has been calculating the tonnage index based on surveys from its membership since the 1970s.
The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 0.3% in July after declining 1.8% in June. In July, the index equalled 113.7 (2015=100) compared with 113.3 in June.
ATA Chief Economist Bob Costello said, “While July wasn’t a strong month, we see continued evidence that the truck freight market is likely turning a corner, albeit slowly.”
“Some of July’s small gain was likely due to strong import activity, especially at West Coast seaports. Decent retail sales and factory output growing slightly from a year earlier also helped truck tonnage last month,” he added.
Compared with July 2023, the index decreased 0.9%. In June, the index was down 0.6% from a year earlier.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equalled 116.7 in July, 3.4% above June. ATA’s For-Hire Truck Tonnage Index is dominated by contract freight as opposed to traditional spot market freight.
ATA’s For-Hire Truck Tonnage Index is dominated by contract freight as opposed to traditional spot market freight. In calculating the index, 100 represents 2015. Read more
Source: IRU
