U.S. for-hire truck tonnage grew 0.5% in September, in accordance with the American Trucking Associations (ATA), boosting ranges to the third-highest degree ever and the perfect since August 2019.
The newest acquire got here on the heels of a 2.1% enhance in August.
“That is one other instance of how the contract freight market stays sturdy regardless of weak spot within the spot market this yr,” stated ATA chief economist Bob Costello. “In the course of the third quarter, tonnage elevated 0.5% over the second quarter whereas rising 5.6% over the identical interval in 2021. That was the biggest quarterly year-over-year enhance for the reason that second quarter of 2018.”
The index was up 5.5% in comparison with final September, marking the 13th straight year-over-year acquire. Yr so far by means of September, tonnage is up 4% over the identical interval final yr, the ATA experiences.
