Truck tonnage in September declined a seasonally adjusted 2.7% when compared with year-ago levels, marking the sixth consecutive month of year-over-year declines, American Trucking Associations said Oct. 20.
However, when measured month-to-month, the index increased 6.7% in September, after declining 5.3% in August. In September the index equaled 115.1 compared with 107.9 in August. (The index equaled 100 in 2015.)
“September had a nice recovery after a significant decline in August,” ATA Chief Economist Bob Costello said in a statement. “The truck freight market continues to be bifurcated, with strength in retail and home construction, but some continued weakness in industrial freight. During the third quarter, truck tonnage increased 2.4% over the second quarter, but fell 5.3% from a year earlier.”