ATA truck tonnage index increased by 2.8% in August

Index 7.4% higher August 2021

WASHINGTON, September 20, 2022 /PRNewswire/ — The American Trucking Associations’ leading seasonally adjusted (SA) for-hire truck tonnage index rose 2.8% in August after falling 1.5% in July. In August, the index was equal to 119 (2015=100) against 115.8 in July.

“Tonnage rebounded in August after a weaker than expected July,” said ATA Chief Economist Bob Costello. “With the economy transitioning to slower growth and changing consumer habits, we may see more volatility in the coming months. But the good news is that we continue to see areas of growth in the freight in consumer spending and manufacturing, helping to offset weakness in new home construction.

The July decline has been revised down from our August 23 Press release.

Compared to August 2021the SA index rose 7.4%, the twelfth consecutive year-over-year gain and the largest increase since June 2018. In July, the index was up 4.7% from a year earlier. Year-to-date to August, compared to the same period in 2021, tonnage increased by 3.9%.

The non-seasonally adjusted index, which represents the change in the tonnage actually transported by the fleets before any seasonal adjustment, stood at 124.6 in August, i.e. 8.2% above the July level (115.1) . In the calculation of the index, 100 represents 2015. ATA’s for-hire truck tonnage index is dominated by contract freight as opposed to spot market freight.

Trucking serves as a barometer of the US economy, accounting for 72.5% of the tonnage moved by all modes of domestic freight transportation, including manufactured and retail goods. Trucks transported 10.23 billion tonnes of freight in 2020. Motor carriers collected $732.3 billioni.e. 80.4% of the total revenue generated by all modes of transport.

The ATA calculates the tonnage index based on surveys of its members and has done so since the 1970s. This is a preliminary figure subject to change in the final report published around the 5th of each month. The report includes monthly and annual results, relevant economic comparisons and key financial indicators.

American Trucking Associations is the largest national trade association for the trucking industry. Through a federation of 50 affiliated state trucking associations and industry-related conferences and councils, ATA is the voice of the industry America depends on most to move our country’s freight. Follow ATA on Twitter Where Facebook. Trucking Moves America Forward.

SOURCE American Trucking Associations

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