ARLINGTON, Virginia., July 20, 2021 / PRNewswire / – The American Trucking Associations Seasonally Adjusted Rental Truck Tonnage Index (SA) fell 1.5% in June after falling 1% in May. In June, the index stood at 111.6 (2015 = 100) compared to 113.3 in May.
“Tonnage has definitely stabilized, on average, over the past six to nine months,” said ATA Chief Economist Bob costello. “The good news is that it remains slightly above 2020 levels.
“Supply chain issues are likely putting downward pressure on tonnage,” he said. “But it is also likely that tonnage will not increase as much as it could due to industry-specific supply constraints. This index is dominated by contract freight, and truck carriers for hire. others have seen their tractor numbers drop because they have difficulty finding qualified drivers. It is difficult to move more tonnage with less equipment, which is why we are seeing high volumes in the cash market as the shippers are scrambling to move the loads. ”
The May reading has been revised down slightly to -1% from our June 22 Press release.
Compared to june 2020, the SA index rose 0.5%, preceded by a 3.3% year-on-year increase in May. Since the start of the year, compared to the same six months in 2020, the tonnage is up 0.3%.
The unadjusted index, which represents the variation in the tonnage actually pulled by the fleets before any seasonal adjustment, stood at 116.2 in June, or 2.4% above the level in May (113.4). In the index calculation, 100 represents 2015. ATA’s Truck Rental Tonnage Index is dominated by contract freight as opposed to spot market freight.
Trucking serves as a barometer of the US economy, accounting for 72.5% of the tonnage transported by all modes of domestic freight transportation, including manufactured and retail goods. Trucks transported 11.84 billion tonnes of freight in 2019. Road carriers collected $ 791.7 billionor 80.4% of the total revenue for all modes of transport.
The ATA has calculated the tonnage index on the basis of surveys among its members since the 1970s. This is a preliminary figure subject to change in the final report published around the 5th day of each month. The report includes monthly and annual results, relevant economic comparisons and key financial indicators.
SOURCE American Trucking Associations