ATA tonnage index drops

Sept. 25, 2008
The American Trucking Assns. (ATA) seasonally adjusted For-Hire Truck Tonnage Index decreased 1.6% in August

The American Trucking Assns. (ATA) seasonally adjusted For-Hire Truck Tonnage Index decreased 1.6% in August, reaching its lowest level since November 2007 and marking the largest month-to-month drop since March. In addition, the index fell 0.9% in July, a larger drop than the 0.3% originally projected.

However, the August seasonally adjusted index was 2.6% higher compared to August 2007, its tenth consecutive year-over-year increase.

“We are forecasting a mild recession later this year and early next year,” said ATA chief economist Bob Costello. “Make no mistake about it, freight volumes are weakening.” He added that trucking will see an improvement before the overall economy will.

Related articles:

View more Management news and other trucking industry news from Fleet Owner.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Waiting for a breakdown is costing you. Learn how smart preventive maintenance plans, accurate data, and cross-team coordination can protect your bottom line and boost profits...
Is your fleet ready for California's Clean Truck Check program? Our guide helps you navigate CARB compliance, avoid costly fines, and keep your trucks rolling. Learn how telematics...
Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...