ATA Truck Tonnage Index Elevated 2.4% in Could – Fleet Administration
In contrast with Could 2022, the SA index decreased 1.3%, which was the third straight year-over-year lower, in accordance with ATA.
Supply: ATA
American Trucking Associations’ superior seasonally adjusted (SA) For-Rent Truck Tonnage Index rose 2.4% in Could after reducing 1.7% in April. In Could, the index equaled 115.4 (2015=100) in contrast with 112.7 in April.
“Tonnage had a pleasant acquire in Could, however stays in recession territory,” stated Bob Costello, ATA chief economist. “The two.4% acquire didn’t erase the 4.5% whole drop the earlier two months. Moreover, tonnage continues to contract from year-earlier ranges as retail gross sales stay smooth, manufacturing manufacturing continues to fall from a 12 months in the past, and housing begins contract from 2022 ranges.”
In contrast with Could 2022, the SA index decreased 1.3%, which was the third straight year-over-year lower, the ATA reported in a press launch. In April, the index was down 3.4% from a 12 months earlier.
The not-seasonally adjusted index, which represents the change in tonnage truly hauled by the fleets earlier than any seasonal adjustment, equaled 120 in Could, 10.1% above the April stage (109).
In calculating the index, 100 represents 2015. ATA’s For-Rent Truck Tonnage Index is dominated by contract freight versus spot market freight.
Trucking serves as a barometer of the U.S. financial system, ATA acknowledged, representing 72.2% of tonnage carried by all modes of home freight transportation, together with manufactured and retail items. Vehicles hauled 10.93 billion tons of freight in 2021. Motor carriers collected $875.5 billion, or 80.8% of the entire income earned by all transport modes.
ATA calculates the tonnage index primarily based on surveys from its membership and has been doing so because the Seventies. It is a preliminary determine and is topic to alter within the remaining report issued across the fifth day of every month. The report consists of month-to-month and year-over-year outcomes, related financial comparisons, and key monetary indicators.
