Truck Use Dips in June
ARLINGTON - Jul 18/17 - SNS -- The American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index fell 4.3% in June to 138.5, following a 6.9% gain during May.
Compared with June 2016, the SA index increased 1.3%. In May, the index jumped 5.2% on a year-over-year basis. Year-to-date, compared with the first half of 2016, the index is up 1%.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 144.3 in June, which was 1% below the previous month (145.8).
"After such a large spike in May, it was not surprising to see the index give back some of those gains in June," said ATA Chief Economist Bob Costello. "However, looking back at the second quarter as a whole, tonnage was up 0.8% over the first quarter and 1.9% over the same quarter last year, so it was a solid three month period.
"June's slide does not change my belief that we will continue to see moderate, albeit at times choppy, growth in truck tonnage as the year continues," he said.