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Truck Tonnage Index fell 6.1pc in May as economy shows mixed signals

THE American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 6

Truck Tonnage Index fell 6.1pc in May as economy shows mixed signals

THE American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 6

23 June 2019 - 19:00

THE American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 6.1 per cent in May after jumping seven per cent in April.

'As expected, tonnage corrected in May from the surprising surge in April,' said ATA chief economist Bob Costello. 'The economy is still growing, but the recent volatility in truck tonnage fits with a broader economy that is showing more mixed signals. '



April's reading was revised down compared with the ATA's May press release. Compared with May 2018, the SA index increased 0.9 per cent, the smallest year-on-year gain since April 2017.



ATA calculates the tonnage index based on surveys from its membership and has been doing so since the 1970s. This is a preliminary figure and subject to change in the final report issued around the 5th day of each month. The report includes month-to-month and year-over-year results, relevant economic comparisons, and key financial indicators.


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