U.S. truck tonnage index increased 6.7% in September

The American Trucking Associations’ (ATA) advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 6.7% in September after declining 5.3% in August. In September, the index equaled 115.1 (2015=100) compared with 107.9 in August.

“September had a nice recovery after a significant decline in August,” said ATA Chief Economist Bob Costello.

“The truck freight market continues to be bifurcated, with strength in retail and home construction, but some continued weakness in industrial freight. During the third quarter, truck tonnage increased 2.4% over the second quarter, but fell 5.3% from a year earlier.”

The COVID-19 pandemic disturbances are still present as, compared with September 2019, the SA index contracted 2.7%, the sixth straight year-over-year decline. Year-to-date, compared with the same period in 2019, tonnage is down 3.3%.

Source: ATA

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