ATA: Truck Tonnage Snaps Again in August – Fleet Administration

For-hire truck tonnage snapped again in August after a weaker than anticipated July, in accordance with the American Trucking Associations.

ATA’s superior seasonally adjusted For-Rent Truck Tonnage Index rose 2.8% in August after reducing 1.5% in July. In August, the index equaled 119 versus 115.8 in July.

“With the financial system in transition to slower development and altering shopper patterns, we might even see extra volatility within the months forward,” stated ATA Chief Economist Bob Costello in a press launch.



“However the excellent news is that we proceed to witness areas of freight development in shopper spending and manufacturing, which helps to offset the weak spot in new residence building.”

In contrast with August 2021, the index elevated 7.4%, which was the twelfth straight year-over-year achieve and the biggest enhance since June 2018. In July, the index was up 4.7% from a yr earlier. 12 months-to-date via August, in contrast with the identical interval in 2021, tonnage was up 3.9%.

The not seasonally adjusted index, which represents the change in tonnage really hauled by fleets earlier than any seasonal adjustment, equaled 124.6 in August, 8.2% above the July stage (115.1). 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, representing 72.5% of tonnage carried by all modes of home freight transportation, together with manufactured and retail items. Vehicles hauled 10.23 billion tons of freight in 2020. Motor carriers collected $732.3 billion, or 80.4% of complete income earned by all transport modes.

ATA calculates the tonnage index based mostly on surveys from its membership and has been doing so because the Seventies. It is a preliminary determine and topic to vary within the closing report issued across the fifth day of every month.