ATA truck tonnage index fell 3% in April

May 20, 2015
Index posts 1% year-over-year gain
American Trucking Assns. (ATA) advanced seasonally adjusted for-hire truck tonnage index fell 3% in April, following a revised gain of 0.4% during the previous month. In April, the index equaled 128.6 (2000=100), which was the lowest level since April 2014. The all-time high is 135.8, reached in January 2015.Compared with April 2014, the SA index increased just 1%, which was well below the 4.2% gain in March and the smallest year-over-year gain since February 2013. Year-to-date through April, compared with the same period last year, tonnage was up 3.8%. The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 130.6 in April which was 5.9% below the previous month (138.7). “Like most economic indicators, truck tonnage was soft in April,” ATA chief economist Bob Costello said. “Unless tonnage snaps back in May and June, GDP growth will likely be suppressed in the second quarter.” Costello added that truck tonnage is off 5.3% from the high in January. “The next couple of months will be telling for both truck freight and the broader economy. Any significant jump from the first quarter is looking more doubtful,” he said.Trucking serves as a barometer of the U.S. economy, representing 68.8% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled just under 10 billion tons of freight in 2014. Motor carriers collected $700.4 billion, or 80.3% of total revenue earned by all transport modes. ATA calculates the tonnage index based on surveys from its membership and has been doing so since the 1970s. This is a preliminary figure and subject to change in the final report issued around the 10th day of the month. The report includes month-to-month and year-over-year results, relevant economic comparisons and key financial indicators.

Voice your opinion!

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

Sponsored Recommendations

The Ultimate Trailer Tracking Technology Checklist for Enterprise Fleets

We understand the challenges you face in consolidating inventory, reducing theft, and tracking revenue. That’s why we’ve created the ultimate checklist to help you evaluate your...

Discover 4 Easy Ways to Level-Up Efficiency with Trailer Telematics

In today's competitive landscape, gaining an edge is vital. That's why top fleets are utilizing trailer telematics to boost efficiency and we've captured their secrets. Introducing...

The Future of Mirrors is Closer Than it Appears

Why Mirror Camera Systems are the next step for fleet safety and exoneration While many commercial trucking cameras are similarly marketed, they are not all created equally. The...

The 20:1 Solution: Unlocking the ROI of a Modern Asset Maintenance Solution

Discover how modern fleet maintenance software can drive step-change improvements in shop efficiency, cost control and vehicle productivity, along with how to calculate the ROI...