ATA Reports Another Truck Tonnage Decline for July
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The trucking industry in July experienced another month of freight tonnage below the year-ago period, American Trucking Associations reported Aug. 20.
The ATA For-Hire Truck Tonnage Index decreased 0.9% year over year to 113.7. May marks the only month that has shown a year-over-year increase since February 2023.
However, the results were 0.3% higher from the prior month.
“While July wasn’t a strong month, we see continued evidence that the truck freight market is likely turning a corner, albeit slowly,” ATA Chief Economist Bob Costello said. “Some of July’s small gain was likely due to strong import activity, especially at West Coast seaports. Decent retail sales and factory output growing slightly from a year earlier also helped truck tonnage last month.”
ATA calculates its monthly tonnage index by surveying its membership. The feedback primarily comes from contract freight rather than spot market freight. In calculating the index, 100 represents the year 2015.
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