Truck tonnage rose 4.8% year-over-year in May, according to the monthly American Trucking Associations Tonnage Index, the largest gain since November 2016, echoing sentiments from analysts and trucking executives that the fright market has tightened in recent weeks as people spend more time outdoors.
On a sequential basis, the seasonally adjusted index grew 6.5% in May, reversing three consecutive monthly declines. The preliminary seasonally adjusted index was 144.1 in May, up from 135.3 in April. The all-time high in February 2016 was 142.7. The index uses a base level of 100 for freight activity in the year 2000.
