Truck tonnage in September rose to 3rd highest stage on report
The nation’s truck tonnage in September ticked as much as its third highest stage on report, in response to the American Trucking Associations (ATA)’s month-to-month survey of its membership, which largely measures contract freight markets versus the extra unstable spot market sector.
By the numbers, ATA’s superior seasonally adjusted (SA) For-Rent Truck Tonnage Index elevated 0.5% in September after rising 2.1% in August. The index equaled 118.8 in September in comparison with 118.2 in August, in opposition to a baseline worth of 100 in 2015.
In contrast with September 2021, the SA index elevated 5.5%, which was the thirteenth straight year-over-year achieve. In August, the index was up 6.7% from a 12 months earlier. 12 months-to-date by way of September, tonnage was up 4% in contrast with the identical interval in 2021.
“The newest achieve put tonnage on the highest stage since August 2019 and the third highest stage on report,” stated ATA Chief Economist Bob Costello. “That is one other instance of how the contract freight market stays sturdy regardless of weak spot within the spot market this 12 months. 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 biggest quarterly year-over-year enhance because the second quarter of 2018.”
