News
The American Trucking Associations (ATA)’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 1.6% from the previous month to 113.5 points in June. Compared with June 2023, the index decreased 0.4%.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 113.1points in June, down 5.5% from May. The ATA’s For-Hire Truck Tonnage Index is dominated by contract freight as opposed to traditional spot market freight.
“While giving back some of the gain from May, it appears that truck freight tonnage is slowly going in the right direction since hitting a recent low in January,” said ATA Chief Economist Bob Costello. “Despite June’s decline, the second quarter average was 0.2% above the first quarter and only 0.2% below the second quarter in 2023, which are good signs that truck freight might be finally turning the corner.”
