June 19, 2019

Truck tonnage index falls 6% in May

For-hire trucking slowed from April's surge, mirroring mixed signals of the broader economy, ATA says.

By DC Velocity Staff

The American Trucking Associations' seasonally adjusted For-Hire Truck Tonnage Index fell 6.1 percent in May following a 7 percent surge in April, the group said Tuesday.

The Index increased slightly year-over-year, rising just 0.9 percent compared with last May, its smallest year-over-year gain since April 2017, according to ATA.

"As expected, tonnage corrected in May from the surprising surge in April," ATA Chief Economist Bob Costello said in a prepared statement. "The economy is still growing, but the recent volatility in truck tonnage fits with a broader economy that is showing more mixed signals. The good news is if you ignore recent highs and lows, tonnage appears to be leveling off, albeit at a high level."

The May index registered 114 compared with a revised figure of 121.4 in April, the association said.

ATA's For-Hire Truck Tonnage Index gauges tonnage carried by all modes of domestic freight transportation and is based on monthly member surveys.

Resources Mentioned In This Article


Transportation Videos


Join the Discussion

After you comment, click Post. If you're not already logged in, you will be asked to log in or register.

Subscribe to DC Velocity


Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : Truck tonnage index falls 6% in May">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.