Truck tonnage in August surged 7.4% to 119 when measured against the same month a year ago, and on a sequential basis it rose 2.8% from July, according to American Trucking Associations.
The federation’s For-Hire Truck Tonnage Index is dominated by contract freight as opposed to spot market freight.
In August, the index was 119 versus 115.8 in July. (It equaled 100 in 2015.)
ATA Chief Economist Bob Costello released the index Sept. 20, and said the year-over-year increase was the largest gain since 2018 and the month-over-month jump is the biggest since 2019.
