US truck tonnage increases slightly in July

Avatar photo

ARLINGTON, Va. — Truck tonnage in the US showed a gain of 0.3% in July – the first month-to-month increase since March.

The increase was reported by the American Trucking Associations (ATA), which tracks truck tonnage through member surveys. The truck tonnage rate is seasonally-adjusted.

Julys tonnage rate is the highest it has been since April, the ATA reports. Overall tonnage remains down 3.7% compared to a year ago and year-to-date, the tonnage index in the US was 2.6% below the same period of 2006.

ATAs chief economist, Bob Costello, said the latest stats reflect a continued softness in the trucking industry, specifically as it relates to the weight of goods shipped. He pointed out, however, that the number of for-hire loads transported is actually up 0.4% compared to the first half of 2006.

“The weakness in the residential construction market continues to have a disproportionately larger impact on truck tonnage than the number of loads transported,” Costello said. “Construction freight on average weighs more than general freight. As a result, the weakness in the construction market is having a bigger impact on truck tonnage.”

The ATA is predicting a modest 2007 fall freight season south of the border. Truck fleets will continue to be impacted by a trend by shippers to spread the peak season over a longer period and the housing market is expected to remain down. Most economists are also predicting only moderate economic growth in the near term, Costello pointed out.

Avatar photo

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.


Have your say


This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.

*