ATA Truck Tonnage Index Fell 5.6% in August
Wednesday, September 23rd, 2020
American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 5.6% in August after declining 1.4% in July. In August, the index equaled 107.5 (2015=100) compared with 113.9 in July.
"The August softness suggests that freight is very uneven in the trucking industry," said ATA Chief Economist Bob Costello. "The trucking sectors that haul for the industrial and energy industries are not seeing the surge in freight like the consumer side of the economy. The industrial loads tend to be heavier, so they count more in a tonnage calculation than most consumer-related loads. Fleets hauling for retailers are generally seeing strong freight volumes. Carriers hauling heavier industrial products generally saw softer volumes in August."
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