ATA truck tonnage index fell 1.1% in July

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Index 5.1% higher July 2021

WASHINGTON, August 23, 2022 /PRNewswire/ — The American Trucking Associations’ seasonally adjusted (SA) leading for-hire truck tonnage index fell 1.1% in July after rising 0.5% in June. In July, the index stood at 116.2 (2015=100) against 117.5 in June.

“Tonnage declined sequentially in July for only the second time in the last twelve months. Despite the decline in June, tonnage remains at high levels and has increased significantly from the previous year,” said ATA Chief Economist Bob Costello. “While tonnage is much stronger than a year ago, monthly gains have moderated over the year. The combination of weaker consumption of goods, lower home construction and slower manufacturing activity are the main reasons.”

The June increase was revised down from our July 19 Press release.

Compared to July 2021, the SA index rose 5.1%, the eleventh consecutive year-over-year gain. In June, the index was up 5.6% from a year earlier. Year-to-date, compared to the same period in 2021, tonnage increased by 3.4%.

The non-seasonally adjusted index, which represents the change in the tonnage actually transported by the fleets before any seasonal adjustment, stood at 115.5 in July, ie 5.2% below the June level (121.9). In the calculation of the index, 100 represents 2015. ATA’s for-hire truck tonnage index is dominated by contract freight as opposed to spot market freight.

Trucking serves as a barometer of the US economy, accounting for 72.5% of the tonnage moved by all modes of domestic freight transportation, including manufactured and retail goods. Trucks transported 10.23 billion tonnes of freight in 2020. Motor carriers collected $732.3 billioni.e. 80.4% of the total revenue generated by all modes of transport.

The ATA calculates the tonnage index based on surveys of its members and has done so since the 1970s. This is a preliminary figure subject to change in the final report published around the 5th of each month. The report includes monthly and annual results, relevant economic comparisons and key financial indicators.

American Trucking Associations is the largest national trade association for the trucking industry. Through a federation of 50 affiliated state trucking associations and industry-related conferences and councils, ATA is the voice of the industry America depends on most to move our country’s freight. Follow ATA on Twitter or facebook. Trucking Moves America Forward

SOURCE American Trucking Associations

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