ATA: Truck Tonnage Rose Much less Than 1% in September – Fleet Administration

American Trucking Associations’ superior seasonally adjusted For-Rent Truck Tonnage Index elevated 0.5% in September after rising 2.1% in August. In September, the index equaled 118.8 versus 118.2 in August.

“The most recent acquire put tonnage on the highest stage since August 2019 and the third highest stage on document,” mentioned ATA Chief Economist Bob Costello in a press launch. “That is one other instance of how the contract freight market stays sturdy regardless of weak point within the spot market this yr. Throughout the third quarter, tonnage elevated 0.5% over the second quarter whereas rising 5.6% over the identical interval in 2021. That was the most important quarterly year-over-year enhance because the second quarter of 2018.”

In contrast with September 2021, the SA index elevated 5.5%, which was the thirteenth straight year-over-year acquire. In August, the index was up 6.7% from a yr earlier. Yr-to-date by means of September, in contrast with the identical interval in 2021, tonnage was up 4%.

The not seasonally adjusted index, which represents the change in tonnage truly hauled by fleets earlier than any seasonal adjustment, equaled 119 in September, 3.8% under the August stage (123.7). In calculating the index, 100 represents 2015. ATA’s For-Rent Truck Tonnage Index is dominated by contract freight versus spot market freight.

ATA calculates the tonnage index primarily based on surveys from its membership and has been doing so because the Seventies.