September Tonnage Rises 5.5% 12 months-Over-12 months

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Truck tonnage in September elevated 5.5% when measured towards the identical month a yr in the past, and on a sequential foundation it rose 0.5% from August, in accordance with American Trucking Associations.

September’s index of 118.8 in contrast with 118.2 in August. (It equaled 100 in 2015.)

The federation’s For-Rent Truck Tonnage Index is dominated by contract freight versus spot market freight.

ATA launched the index Oct. 18, and mentioned the newest acquire put tonnage on the highest degree since August 2019 and the third-highest degree on report.

“That is one other instance of how the contract freight market stays robust regardless of weak spot within the spot market this yr,” mentioned Bob Costello, chief economist for the federation.

“In the course of the third quarter, tonnage elevated 0.5% over the second quarter whereas rising 5.6% over the identical interval in 2021. That was the most important quarterly year-over-year enhance for the reason that second quarter of 2018,” Costello added.

The September enhance is the thirteenth consecutive year-over-year acquire. In August, the index was up 6.7% from a yr earlier.

For the primary 9 months, tonnage was up 4% in contrast with the identical interval a yr in the past.

Trucking serves as a barometer of the U.S. financial system, representing 72.2% of tonnage carried by all modes of home freight transportation, together with manufactured and retail items. Vans hauled 10.93 billion tons of freight in 2021. Motor carriers collected $875.5 billion, or 80.8% of whole income earned by all transport modes.

Earlier than seasonal adjustment the index equaled 119 in September, 3.8% beneath the August degree of 123.7.

ATA calculates the tonnage index primarily based on month-to-month surveys from its membership

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