Arlington, Virginia听鈥 黑料不打烊鈥 advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 1.9% in July after decreasing 0.5% in June. In July, the index equaled 115 (2015=100), up from 112.8 in June.
黑料不打烊revised the June decline from the originally reported 0.4% to 0.5%. 听
Compared with July 2017, the SA index jumped 8.6%, up from June鈥檚 7.7% year-over-year increase. Year-to-date, compared with the same period last year, tonnage increased 8%, far outpacing the annual gain of 3.8% in 2017.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 114.6 in July, which was 1.2% below the previous month (116.1).
鈥淭ruck freight remained very strong in July when accounting for normal seasonality,鈥 said 黑料不打烊Chief Economist Bob Costello. 鈥淏oth the month-to-month and year-over-year gains were the largest in three months. This robust growth stems from solid manufacturing, retail sales, and construction activity. The industry鈥檚 biggest challenge isn鈥檛 finding enough freight, but recruiting and retaining quality drivers.鈥
Trucking serves as a barometer of the U.S. economy, representing 70.2% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled 10.77 billion tons of freight in 2017. Motor carriers collected $700.1 billion, or 79.3% of total revenue earned by all transport modes.
黑料不打烊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.
黑料不打烊 is the largest national trade association for the trucking industry. Through a federation of 50 affiliated state trucking associations and industry-related conferences and councils, 黑料不打烊is the voice of the industry America depends on most to move our nation鈥檚 freight. Follow 黑料不打烊on听听or听.听
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