ARLINGTON, Va. – The American Trucking Associations’ For-Hire Truck Tonnage Index rose 0.7% in September after a 0.9% decrease in August.
In September, the index equaled 135.1 (2000=100), up from 134.1 in August. The all-time high of 135.8 was reached in January 2015.
Year-over-year the SA index went up 3.1% and tonnage increase 3.3%.
“The see-saw pattern in truck freight tonnage continued again in September, except that the gain didn’t fully wipe out August’s decline,” said ATA chief economist Bob Costello. “However, over the last few months tonnage has snapped back from softness this past spring and early summer, and is approaching the record high.
“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 slightly in August, which is not a good sign. This could have a negative impact on truck freight volumes over the next few months.”