Third-quarter tonnage “jumped 2.4% from the second quarter and surged 4% from the same period last year” in posting the highest quarterly average ever, ATA Chief Economist Bob Costello said.
“September [economic] data was a mixed bag, with retail sales falling while factory output increased nicely,” Costello said. “As a result, I’m not too surprised that truck tonnage split both of those readings and [was] unchanged.”
Tonnage is up 3.2% year to date compared with a year ago, up slightly from the comparable 3.1% figure through August.
The not seasonally adjusted index, which represents tonnage actually hauled by fleets before seasonal adjustments, was 135.8, up 1.7% from August.
ATA calculates the tonnage each month based on reports by its member trucking companies.
Source: Transport Topics