ATA: Truck Tonnage Decreases in November – Fleet Administration
In contrast with November 2021, the index elevated 0.8%.
Graph: ATA
American Trucking Associations’ superior seasonally adjusted For-Rent Truck Tonnage Index decreased 2.5% in November after slipping 1.2% in October. In November, the index equaled 114.7 versus 117.6 in October.
“For-hire truck tonnage noticed the most important single month-to-month lower in November for the reason that begin of the pandemic and a complete drop of three.7% in October and November,” stated ATA Chief Economist Bob Costello in a press launch. “The decreases match anecdotal experiences of a smooth fall freight season in addition to a slowing goods-economy typically. Housing-related freight is especially weak.”
In contrast with November 2021, the index elevated 0.8%, which was the fifteenth straight year-over-year achieve, however the smallest over that interval.
In October, the index was up 4% from a 12 months earlier.
Yr-to-date by way of November, in contrast with the identical interval in 2021, tonnage was up 3.7%. The not seasonally adjusted index, which represents the change in tonnage really hauled by fleets earlier than any seasonal adjustment, equaled 114.6 in November, 4.6% beneath the October degree (120.2).
In calculating the index, 100 represents 2015. ATA’s For-Rent Truck Tonnage Index is dominated by contract freight versus spot market freight.
