ARLINGTON, Va. – The American Trucking Associations’ For-Hire Truck Tonnage Index went up 1.9% in October.
According to the ATA, in October, the index equaled 135.7 (2000=100), up from 133.1 in September, and just below the all-time high of 135.8 reached in January 2015.
Year-over-year the index went up 2%, which was above the year-over-year increase of 1.6% in September.
“It was good to see tonnage increase nicely in October after contracting a total of 1.6% in August and September,” said ATA chief economist Bob Costello. “However, tonnage has been overall pretty flat this year, as October’s reading is just shy of January’s level.
“Like I’ve said over the last couple of months, I remain concerned about the high level of inventories throughout the supply chain. We recently learned that inventories throughout the supply chain and relative to sales rose in September, which is not a good sign. This will have a negative impact on truck freight volumes over the next few months.”