U.S. for-hire truck tonnage slumped 1.1% in July, in line with the most recent information from the American Trucking Associations (ATA).
“Tonnage declined sequentially in July for less than the second time over the past 12 months. Regardless of the dip from June, tonnage stays at elevated ranges and elevated considerably from a yr earlier,” mentioned ATA chief economist Bob Costello.
“Whereas tonnage is far stronger than a yr in the past, the month-to-month positive factors have moderated because the yr has gone on. The mixture of softer consumption of products, dwelling building falling and slower manufacturing exercise are the primary causes.”
The tonnage index was up 5.1% in comparison with final July, marking the eleventh straight yr over yr achieve. Yr to this point, tonnage is up 3.4% in comparison with final yr.