ATA Truck Tonnage Falls In June, Reports ATAby Jake Tully - Published: 7/25/2018
In the American Trucking Associations’ most recent advanced seasonally adjusted for-Hire Truck Tonnage Index reports that it fell 0.4% in June despite a rise of 0.4% in May.
With an adjustment of increase of truck tonnage in may to 0.4% from an initially reported 0.7%, the ATA reports up a year-to-date tonnage increase of 7.9%, compared to 2017’s annual gain of 3.8% in regards to truck tonnage.
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In the second quarter, we saw the tonnage index jump 1.8% from the previous quarter and 8.4% from a year earlier," said Bob Costello, ATA Chief Economist. "This robust growth fits with what is likely to be a very strong GDP reading for the second quarter. I expect the growth in tonnage to moderate, but remain at very high levels in the months ahead."
The ATA reports that the not seasonally adjusted index for June equaled 116.3, a 1.1% drop from the previous month.
For previous reports in 2017 of the Truck Tonnage-related data, interested parties may visit the ATA website.