U.S. Truck Index Slipped in June
ARLINGTON - Jul 24/18 - SNS -- American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index slipped 0.4% in June after rising 0.4% in May. In June, the index equaled 113 (2015=100), down from 113.4 in May.
Compared with June 2017, the SA index increased 7.8%, up from May's 7.4% year-over-year increase. Year-to-date, compared with the first half of last year, tonnage increased 7.9%, far outpacing the annual gain of 3.8% in 2017.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 116.3 in June, which was 1.1% below the previous month (117.6).
"In the second quarter, we saw the tonnage index jump 1.8% from the previous quarter and 8.4% from a year earlier," said ATA Chief Economist Bob Costello. "This robust growth fits with what is likely to be a very strong GDP reading for the second quarter. I expect the growth in tonnage to moderate, but remain at very high levels in the months ahead."