The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index increased 0.3% in July after declining 1.8% in June. In July, the index equaled 113.7 (2015=100) compared with 113.3 in June.

"While July wasn't a strong month, we see continued evidence that the truck freight market is likely turning a corner, albeit slowly," said ATA Chief Economist Bob Costello. "Some of July's small gain was likely due to strong import activity, especially at West Coast seaports. Decent retail sales and factory output growing slightly from a year earlier also helped truck tonnage last month."

Compared with July 2023, the index decreased 0.9%. In June, the index was down 0.6% from a year earlier.

ATA calculates the tonnage index based on surveys from its membership.

Source: ATA

 

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