July Truck Tonnage Rises 3.9%
Truck tonnage rose 3.9% in July from a year ago, American Trucking Associations said Tuesday.
The increase followed a revised 6.5% year-over-year gain in June, ATA said in its monthly seasonally adjusted for-hire truck tonnage report. The gain was originally reported as a 6.8% increase.
Month-to-month, the index declined 1.3% in July, following a revised 2.6% increase in June that was originally reported as a 2.8% gain. Not seasonally adjusted tonnage dropped 9% from June, ATA said.
The index came in at a reading of 114, down from 115.5 in June, with the year 2000 as a baseline reading of 100.
ATA Chief Economist Bob Costello said freight weakened after a robust June.
“Despite a solid June, our truck tonnage index fits with an economy that is growing very slowly,” he said in a statement. “The good news is that tonnage continues to increase on a year-over-year basis, but it is likely that the rate of growth will moderate in the second half of the year.”
ATA calculates the tonnage each month based on reports by its member trucking companies.
