September Gives Back All of August Gain
Washington – Trucking activity in the United States decreased in September, pushing the level down to the lowest in three months. Specifically, truck freight tonnage declined 0.9% after gaining 0.9% in August and 1.1% in July, according to the American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index.
“Tonnage levels remain choppy, but they are up 2.1% since hitting a low in January,” said ATA Chief Economist Bob Costello. “Compared to the high three years earlier, however, truck tonnage is still off by 3.9%. In fact, September’s tonnage level was essentially the same as in September 2023, underscoring the tough freight market over the last few years.”
In September, the ATA advanced seasonally adjusted For-Hire Truck Tonnage Index equaled 114.2, down from 115.3 in August. The index, which is based on 2015 as 100, rose 0.8% from the same month last year after increasing 0.4% in August. Year-to-date, compared with the same period in 2024, tonnage was up 0.2%.
August’s SA increase was unchanged from that first reported in our September 23 press release. (....)