Truck Tonnage in August Climbs 4.1%
Posted - September 25, 2019Seasonally adjusted truck tonnage rose 4.1% in August compared with a year earlier, according to American Trucking Associations’ For-Hire Truck Tonnage Index.
“The large swings continued in August, but the good news is the trend line is still up,” ATA Chief Economist Bob Costello said in a release. “While there is concern over economic growth, truck tonnage shows that it is unlikely that the economy is slipping into a recession. It is important to note that ATA’s tonnage data is dominated by contract freight, which is performing significantly better than the plunge in spot market freight this year.”