ATA Truck Tonnage Index declines 1.2%

ATA Truck Tonnage Index declines 1.2%

ATA Chief Economist Bob Costello cites continued market softness, potentially leading to reduced industry capacity.

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index further declined 1.2% in April, after the 2.2% decrease seen in March. In April, the index equaled 111.7 compared with 113.1 in March.

“The truck freight market remained soft in April as seasonally adjusted volumes fell for the second straight month,” said Bob Costello, American Trucking Associations chief economist. “With a rebound in freight remaining elusive, it is likely that additional capacity will leave the industry in the face of continued softness in the market.”

The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 112.2 in April, 1.7% below March. ATA’s For-Hire Truck Tonnage Index is dominated by contract freight as opposed to spot market freight.

According to ATA, the Truck Tonnage Index based on surveys from its membership and has been doing so since the 1970s. This is a preliminary figure and subject to change in the final report issued around the fifth day of each month.

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