ARLINGTON, Va. — The American Trucking Associations’ seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 2.1 percent in July, following a revised 1.6 percent decline during Jun, ATA reported today.
The SA index rose just 0.3 percent over the same period last year, the smallest year-over-year gain in 2016. Year-to-date, compared with the same period in 2015, tonnage was up 3.2%.
In July, the index equaled 134.3 , down from 137.1 in June.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 138.2 in July, 2.7 percent below the previous month.
“On a monthly basis, tonnage has decreased in four of the last five months and stood at the lowest level since October during July,” said ATA Chief Economist Bob Costello. “This prolonged softness is consistent with a supply chain that is clearing out elevated inventories.
“Looking ahead, expect a softer and uneven truck freight environment until the inventory correction is complete. With moderate economic growth expected, truck freight will improve the further along the inventory cycle we progress,” he said.
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