ATA’s For-Hire Truck Tonnage Index declined in June after May’s Increase ended 15 consecutive months of year-over-year losses. (Great Dane)
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The trucking industry resumed a trend of year-over-year tonnage losses in June after a brief increase the prior month, American Trucking Associations reported July 23.
The ATA For-Hire Truck Tonnage Index decreased 0.4% year over year to 113.5. This ended a short-lived increase that capped off 15 consecutive months of year-over-year losses in May. The results also reflected a 1.6% decrease sequentially.
“While giving back some of the gain from May, it appears that truck freight tonnage is slowly going in the right direction since hitting a recent low in January,” ATA Chief Economist Bob Costello said. “Despite June’s decline, the second quarter average was 0.2% above the first quarter and only 0.2% below the second quarter in 2023, which are good signs that truck freight might be finally turning the corner.”
ATA calculates its monthly tonnage index by surveying its membership. The feedback primarily comes from contract freight rather than spot market freight. In calculating the index, 100 represents the year 2015.
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