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October 25, 2018

American truck tonnage index fell 0.8% in September

The American Trucking Associations' (ATA) For-Hire Truck Tonnage Index decreased 0.8% in September, sliding to 111.8 from August's mark of 112.7.

Compared with September 2017, the index rose 2.9%, down from August's 4.2% year-over-year increase. Year-to-date, compared with the same period last year, tonnage increased 7.0%.

"Truck freight slowed at the end of the third quarter," said ATA Chief Economist Bob Costello. "As anticipated, the year-over-year gains have slowed on strength a year earlier, but there is no doubt that freight softened in August and September. Despite the decreases late in the quarter, based on July's strength, third quarter tonnage rose 0.1% from the second quarter and 5.2% from the same period in 2017."

ATA calculates the tonnage index based on surveys from its membership.

Source: ATA