Truck tonnage levels trend down in April, reports ATA

Lyle Ellerbee

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Truck tonnage noticed a decline, for the thirty day period of April, in accordance to info issued this 7 days by the American Trucking Associations (ATA).

The ATA’s sophisticated Seasonally Altered (SA) For-Seek the services of Truck Tonnage Index, for April, came in at 115.8 (2015=100), falling 2% on the heels of a 1.8% March gain (this reading was downwardly revised from an primary 2.4% boost).

On an annual basis, SA tonnage noticed a 1.8% maximize, marking the eighth straight month of annual gains. This was down from March’s 3.3% yearly acquire. On a 12 months-to-day foundation, SA tonnage is up 2.3% in contrast to the first 4 months of 2021.

The ATA’s not seasonally-adjusted (NSA) index, which signifies the alter in tonnage basically hauled by fleets before any seasonal adjustment and the metric ATA claims fleets must benchmark their ranges with, was 114.1 in April, down 7.4% in contrast to March’s 123.2. ATA explained its For-Use Truck tonnage Index is dominated by agreement freight rather than place sector freight.

“After 8 straight gains totaling 6.9%, for-retain the services of tonnage finally slid again in April. In spite of currently being the major sequential fall considering that August 2020, the index was still higher than in which it started off in 2022 and a yr earlier,” said ATA Chief Economist Bob Costello in a assertion. “It is crucial to note that ATA’s for-use tonnage knowledge is dominated by deal freight with small quantities of location industry loads. The location market place has softened far more than for-hire agreement freight, as the current market transitions again to pre-pandemic shares of contract vs . spot market. While I assume agreement freight to outperform place sector freight, the rate of progress will be slower than in 2021. Most agreement carriers are even now struggling with retaining plenty of capability, both machines and drivers.”

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