The American Trucking Associations’ (ATA) advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.4 percent in August after falling 0.6 percent in July.
The gain was the largest since May, according to officials.
In August, the SA index equaled 126.9 (2000=100) versus 125.2 in July. Compared with August of last year, the SA index surged 6.9 percent, which is the largest year-over-year gain since December 2011.
Year-to-date, compared with the same period in 2012, the tonnage index is up 5 percent.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 131.3 in August, which was 1.5 percent above the previous month, which registered 129.4.
“The strength in tonnage continued again in August, with the index increasing in three of the last four months,” ATA Chief Economist Bob Costello says. “The improvement corresponds with a solid gain in manufacturing output during August reported by the Federal Reserve last week.”
He adds that the tonnage’s strength in recent months, and through 2013, is overstating the robustness of the economy and trucking generally. in general
“It just so happens that the sectors of the economy that are growing the fastest – in housing starts, auto production, and energy output, primarily through hydraulic fracturing – produce heavier than average freight, leading to accelerated growth in tonnage relative to shipments or loads,” he says in a new release.
Costello also says truckload industry loads have accelerated in the last few months, but remain flat for the year, while less-than-truckload shipments are up less than 1.5 percent in 2013.
The July figure, according to officials, was a larger, revised figured than the 0.4 percent that was originally reported.
About the American Trucking Association
American Trucking Associations is the largest national trade association for the trucking industry. Through a federation of 50 affiliated state trucking associations and industry-related conferences and councils, ATA is the voice of the industry America depends on most to move our nation’s freight. Follow ATA on Twitter or on Facebook</>. Good stuff. Trucks Bring It!