WASHINGTON — American Trucking Associations (ATA) has reported that the advanced seasonally adjusted data for the For-Hire Truck Tonnage Index increased by 0.3% following the 1.8% decrease in June. ATA noted that the index equaled 113.7 for July, compared to June’s 113.3.
“While July wasn’t a strong month, we see continued evidence that the truck freight market is likely turning a corner, albeit slowly,” said Bob Costello, ATA’s chief economist. “Some of July’s small gain was likely due to strong import activity, especially at West Coast seaports. Decent retail sales and factory output growing slightly from a year earlier also helped truck tonnage last month.”
In the index, ATA reported that June’s decrease was revised down from our July 23 press release. When July 2024 numbers are compared to July 2023, the index increase is 0.9%. The index was down 0.6% from just a year earlier.
The not-seasonally adjusted index, which represents the change in tonnage hauled by the fleets before any seasonal adjustment, equaled 116.7 in July, 3.4% above June. ATA’s For-Hire Truck Tonnage Index is dominated by contract freight rather than traditional spot market freight.
Born and raised in Little Rock, AR, Erica N. Guy decided to stay in her hometown to begin her professional career in journalism. Since obtaining her bachelor’s degree from UAPB, Erica has professionally written for several publications about several topics ranging from lifestyle, tech, culture, and entertainment, just to name a few. Continuing her love for her hometown, she joined our team in June 2023, where she is currently a staff writer. Her career goals include continuing storytelling through her writing by being the best professional writer she can be. In her spare time, Erica enjoys trying new foods, cozying up with a good book, spending time with family and friends, and establishing herself as a future businesswoman.
