ATA Truck Tonnage Index Fell 1% in May
"While tonnage fell in May, even though other economic indicators like retail sales and housing starts rose, I'm not overly concerned," said ATA Chief Economist Bob Costello.
- "While tonnage fell in May, even though other economic indicators like retail sales and housing starts rose, I'm not overly concerned," said ATA Chief Economist Bob Costello.
- "First, while down over 10 percent sequentially in April, truck tonnage did not fall as much as other economic indicators that month.
- ATA's For-Hire Truck Tonnage Index is dominated by contract freight as opposed to spot market freight.
- ATA calculates the tonnage index based on surveys from its membership and has been doing so since the 1970s.