Truck Index Surged in July
ARLINGTON - Aug 20/19 - SNS -- The seasonally adjusted For-Hire Truck Tonnage Index jumped 6.6% in July after falling 1.2% in June to reach 122.7, compared with 115.1 in June, according to the American Trucking Associations.
Tonnage in 2019 has been on a rollercoaster ride, plagued with large monthly swings, which continued in July as tonnage surged after falling significantly in May and June,Âsaid ATA Chief Economist Bob Costello. Â However, take out the month-to-month noise, and you see that truck tonnage is still on a nice upward path. It is important to note that ATA's tonnage data is dominated by contract freight, which is performing significantly better than the plunge in spot market freight this year.Â
Compared with July 2018, the SA index surged 7.3%, the largest year-over-year gain since April.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 122.8 in July, 4.5% above June level (117.5). In calculating the index, 100 represents 2015.