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ATA Truck Tonnage Index declined 0.7pc in September to 132.7
AMERICAN Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index contracted 5.8 per cent in September, following a five per cent rise in August. In September, the index equalled 132.7, down from 140.8 in August.
Compared with September 2015, the SA index decreased by 0.7 per cent, the first year-on-year decline since October 2015.
In August, the year-on-year increase was 5.2 per cent. Year-to-date, compared with the same period in 2015, tonnage was up three per cent, an ATA statement said.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equalled 136.4 in September, which was 5.1 per cent lower than the previous month (143.8).
"Volatility this year continued again in September with the large drop after a significant increase in August," said ATA chief economist Bob Costello. "The changes we're seeing in typical seasonal trends are making it difficult to discern any real or clear trend in truck tonnage.
"Adjusting for the larger ups and downs this year, as well as talking with many fleets, I currently see a softer than normal freight environment, which is likely to continue until the inventory correction is complete. Looking ahead, the slow growth economic environment does not suggest that significantly stronger truck tonnage numbers are in the near term either," he said.
Trucking serves as a barometer of the US economy, representing 70.1 per cent of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods.
Compared with September 2015, the SA index decreased by 0.7 per cent, the first year-on-year decline since October 2015.
In August, the year-on-year increase was 5.2 per cent. Year-to-date, compared with the same period in 2015, tonnage was up three per cent, an ATA statement said.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equalled 136.4 in September, which was 5.1 per cent lower than the previous month (143.8).
"Volatility this year continued again in September with the large drop after a significant increase in August," said ATA chief economist Bob Costello. "The changes we're seeing in typical seasonal trends are making it difficult to discern any real or clear trend in truck tonnage.
"Adjusting for the larger ups and downs this year, as well as talking with many fleets, I currently see a softer than normal freight environment, which is likely to continue until the inventory correction is complete. Looking ahead, the slow growth economic environment does not suggest that significantly stronger truck tonnage numbers are in the near term either," he said.
Trucking serves as a barometer of the US economy, representing 70.1 per cent of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods.
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