Truck Volumes Slip In June
ARLINGTON - Jul 23/19 - SNS -- Truck usage declined in June, according to the American Trucking AssociationsÂadvanced seasonally adjusted (SA) For-Hire Truck Tonnage Index, losing 1.1% after falling 4% in May. In June, the index equaled 115.2 (2015=100) compared with 116.5 in May.
Tonnage continues to show resilience as it posted the twenty-sixth year-over-year increase despite falling for the second straight month sequentially, said ATA Chief Economist Bob Costello. ÂThe year-over-year gain was the smallest over the past two years, but the level of freight remains quite high. Tonnage is outperforming other trucking metrics as heavy freight sectors, like tank truck, are witnessing better freight levels than sectors like dry van, which has a lower average weight per load.Â
May's reading was revised up compared with our June press release.
Compared with June 2018, the SA index increased 1.5%, the smallest year-over-year gain since April 2017.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 117.6 in June, 3.3% below May level (121.7). In calculating the index, 100 represents 2015.
Trucking serves as a barometer of the U.S. economy, representing 70.2% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled 10.77 billion tons of freight in 2017. Motor carriers collected $700.1 billion, or 79.3% of total revenue earned by all transport modes.
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