ATA: Truck Tonnage Elevated in January – Fleet Administration

American Trucking Associations’ superior seasonally adjusted For-Rent Truck Tonnage Index rose 0.7% in January after growing 1% in December.

In January, the index equaled 117.1 in contrast with 116.2 in December.

“Tonnage has elevated properly within the final couple of months,” stated ATA Chief Economist Bob Costello, in a press launch. “I think that among the achieve is attributable to capability popping out of the community, particularly these carriers that primarily function within the spot market and/or purchased costly used tools within the final couple of years. This might push extra freight to contract carriers, which dominate this index. It may be that freight bottomed and is developing a bit too. So, the achieve is probably going a bit increased demand and rather less provide.”

Regardless of the will increase in December and January, tonnage continues to be off 1.4% from its current excessive in September.

In contrast with January 2022, the index elevated 1.5%, which was the seventeenth straight year-over-year achieve. In December, the index was up 0.9% from a yr earlier.

In 2022, in contrast with the typical in 2021, tonnage was up 3.5%.

The not seasonally adjusted index, which represents the change in tonnage truly hauled by the fleets earlier than any seasonal adjustment, equaled 112.7 in January, 0.4% beneath the December stage (113.2). In calculating the index, 100 represents 2015.

ATA’s For-Rent Truck Tonnage Index is dominated by contract freight versus spot market freight.