THE American Trucking Associations' advanced seasonality adjusted (SA) For-Hire Truck Tonnage Index increased 0.5 per cent in August after falling 1.1 per cent in July, reports the American Journal of Transportation.
In August, the index equaled 110.3 (2015=100) compared with 109.8 in July.
Compared to August 2020, the SA index fell 0.5 per cent. In July, the index was down 2.9 per cent year over year.
Trucking accounts for 72.5 per cent of tonnage carried by all modes of domestic freight transportation.
'August's monthly gain, while small, was the first since March,' said ata economist Bob Costello.
'It is important to remember that ATA's tonnage data is dominated by for-hire contract freight, with a very limited amount of spot market freight. I continue to believe that tonnage has not recovered to pre-pandemic levels for two main reasons - broader supply chain issues, like semiconductor shortages, as well as industry-specific difficulties, including the driver shortage and lack of equipment,' said Mr Costello.
'Despite some supply chain issues, demand remains strong for trucking services generally. Truckload carriers are operating fewer trucks than a year earlier, which makes it difficult to increase freight volumes significantly.' said Mr Costello.
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In August, the index equaled 110.3 (2015=100) compared with 109.8 in July.
Compared to August 2020, the SA index fell 0.5 per cent. In July, the index was down 2.9 per cent year over year.
Trucking accounts for 72.5 per cent of tonnage carried by all modes of domestic freight transportation.
'August's monthly gain, while small, was the first since March,' said ata economist Bob Costello.
'It is important to remember that ATA's tonnage data is dominated by for-hire contract freight, with a very limited amount of spot market freight. I continue to believe that tonnage has not recovered to pre-pandemic levels for two main reasons - broader supply chain issues, like semiconductor shortages, as well as industry-specific difficulties, including the driver shortage and lack of equipment,' said Mr Costello.
'Despite some supply chain issues, demand remains strong for trucking services generally. Truckload carriers are operating fewer trucks than a year earlier, which makes it difficult to increase freight volumes significantly.' said Mr Costello.
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