CCJ‘s Indicators rounds up the latest reports on trucking business indicators on rates, freight, equipment, the economy and more.
Truck tonnage — a key measure of freight demand — slipped again on a monthly basis in June, according to the American Trucking Associations. However, for the 26th consecutive month, tonnage was up year over year.
“Tonnage continues to show resilience,” said ATA Chief Economist Bob Costello. “The year-over-year gain was the smallest over the past two years, but the level of freight remains quite high. Tonnage is outperforming other trucking metrics as heavy freight sectors, like tank truck, are witnessing better freight levels than sectors like dry van, which has a lower average weight per load.”
Tonnage in June fell 1.1 percent from May, but it was up 1.5 percent from June 2018.