ATA: June Truck Tonnage Decreased 1.6% versus Month Prior


   
    

   OAKHURST, N.J. (DTN) --- American Trucking Associations' advanced seasonally 
adjusted For-Hire Truck Tonnage Index decreased 1.6% to 113.5 in June after 
increasing 3% in May, which was revised down from the prior release.

   "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," said ATA Chief Economic Bob Costello. "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."

   The not seasonally adjusted index, which represents the change in tonnage 
actually hauled by the fleets before any seasonal adjustment, equaled 113.1 in 
June, 5.5% below May. ATA's For-Hire Truck Tonnage Index is dominated by 
contract freight as opposed to spot market freight.

   Compared with June 2023, the SA index decreased 0.4%. In May, the index was 
up 1% from a year earlier, which was the first year-over-year gain since 
February 2023.

   Trucking services as a barometer of the U.S. economy, representing 72.6% of 
tonnage carried by all modes of domestic freight transportation, including 
manufactured and retail goods. Trucks hauled 11.46 billion tons of freight in 
2022. Motor carriers collected $940.8 billion, or 80.7% of total revenue earned 
by all transport modes. ATA calculates the tonnage index based on surveys from 
its membership and has been doing so since the 1970s.




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