For-hire truck tonnage fell 1.3 percent in July after rising a revised 2.6 percent in June, indicating growth will be moderate for the rest of the year, said the American Trucking Associations’ chief economist.
The decrease put the American Trucking Associations’ seasonally adjusted tonnage index at 114. The not-seasonally adjusted data, which reflect tonnage actually hauled by fleets, show an even bigger fall — a 9 percent drop from June to July.
“Despite a solid June, our truck tonnage index fits with an economy that is growing very slowly,” said ATA Chief Economist Bob Costello. “The good news is that tonnage continues to increase on a year-over-year basis, but it is likely that the rate of growth will moderate in the second half of the year.”
Seasonally adjusted truck tonnage in July grew 3.9 percent year-over-year, compared with a 6.5 percent increase in June.