Truck tonnage increased 2.8 percent in June, a new report states.
According to the American Trucking Associations advance seasonally adjusted For-Hire Truck Tonnage Index, tonnage increased slightly in June after decreasing a revised 2.0 percent in May. Mays drop was slightly less than the 2.3 percent reported by the American Trucking Association. The latest gain puts the SA index up from the May level and the highest since January.
The non-seasonally adjusted index, which represents the change in tonnage actually hauled by fleets, equaled 122.3 in June, which was 5.3 percent above the previous month. Compared with June 2010, SA tonnage increased 6.8 percent, which is the largest year-over-year gain since January 2011. In May, the tonnage index was 3 percent above that month the previous year.
Motor carriers told us that freight was strong in June and that played out in the data as well, said American Trucking Association Economist Bob Costello. After growing 5.5 percent in the first half of the year from the same period last year, the strength of truck tonnage in the second half will depend greatly on what manufacturing output does.
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