ARLINGTON, Va. — US for-hire truck tonnage rose 1.3% in July, coming within 0.6% of its all-time high recorded in November 2013.
The index, compiled by the American Trucking Associations (ATA), is up 3.6% from July 2013, marking the largest y-o-y gain in three months. Year-to-date, tonnage is up 2.9%, the ATA reports.
“After a surprising decrease in June, tonnage really snapped back in July,” said ATA chief economist Bob Costello. “This gain fits more with the anecdotal reports we are hearing from motor carriers that freight volumes are good.”
US tonnage is up 4.9% since hitting a recent low in January, Costello noted.
“The solid tonnage number in July fits with the strong factory output reading and a jump in housing starts for the same month,” he said. “I continue to expect moderate, but good, tonnage growth for the rest of the year.”