Refrigeratedtransporter 1472 Large Dollar Sign And Front Truck

ATA Truck Tonnage Index decreases 3% in April 2015

May 20, 2015
American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index fell 3% in April 2015 after a revised gain of 0.4% during the previous month.
American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index fell 3% in April 2015 after 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 seasonally adjusted (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, versus the same period in 2014, 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,” said Bob Costello, ATA chief economist. “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 2015. “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 US 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.

Voice your opinion!

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

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...