Truck tonnage levels post gains in October, ATA reports

Through ·

Truck tonnage readings rose in October, according to data released today by the American Trucking Associations (ATA).

The ATA’s Seasonally Adjusted Seasonally Adjusted (SA) Truck Tonnage Index for October – at 113 (2015 = 100) – recorded an increase of 0.4%, following an increase of 2, 2% in September.

On an annual basis, October SA tonnage increased 1.8%, the largest annual gain in May. ATA said it exceeded October’s 1.4% annual gain. Year-to-date, SA tonnage is up 0.1% compared to the first 10 months of 2020.

The ATA unadjusted index (NSA), which represents the variation in the tonnage actually transported by the fleets before any seasonal adjustment.

“October’s gain was the third in a row totaling 2.9%,” ATA chief economist Bob Costello said in a statement. “The combination of strong retail sales, restocking and generally higher factory production offset some areas of weaker freight growth, such as house building, in October. Economic growth remains strong, which is good for road freight volumes going forward. The biggest issue for the industry is not the amount of demand, but making sure we have an adequate supply. It is good to see that the fleets have been able to carry more tonnage in recent months in the face of a limited supply. “

23 November 2021

Subscribe to Logistics Management Magazine!

Subscribe today. It’s free!
Obtain timely inside information that you can use to better manage all of your logistics operations.
Start your FREE subscription today!

Articles topics

ATA Tonnage Trucking
All topics

Comments are closed.