June truck tonnage trends down, following May gains, reports ATA
Truck tonnage levels trended down for the 15th time in the last 16 months in June, according to data recently issued by the American Trucking Associations (ATA).
The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index fell 1.6% in June, to 113.5 (2000=100), following May’s 115.3 reading. On an annual basis, the June SA reading fell 0.4%, after a 1% annual gain in May, which represented the first annual increase since February 2023.
The ATA’s not seasonally-adjusted (NSA) index, which represents the change in tonnage actually hauled by fleets before any seasonal adjustment and the metric ATA says fleets should benchmark their levels with, came in at 113.1, a 5.5% decrease compared to May. ATA said that this index is dominated by contract freight rather than 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.”
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