Truck tonnage delivers strong October results, reports ATA

The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index headed up 6.3% to 119.9 in October over September’s 112.8 (2015=100). This followed a 0.1% (revised from –0.8%) gain from August to September and a 2% (which was raised following an originally reported 1.8%) decrease from July to August and a 1.9% increase from June to July.

Logistics in the News

U.S.-bound retail container volume set new record, says Port Tracker
“Trade Truce” with China proved to be a remarkable prediction
U.S.-China trade truce buys supply chain managers a little more time
Transportation Management 2018: Navigating the new realities
project44 announces acquisition of Denmark-based GateHouse Logistics
More Logistics News

Logistics Resource

New White Paper focuses on the ABC’s of Anti-Dumping/Countervailing Duties
While the U.S. government has always prioritized protection of U.S. companies against imports that are sold at below market prices, or unfairly subsidized, the Trump administration clearly intends to raise the bar with regard to trade policy enforcement.
All Resources
By ·

Truck tonnage volumes in October were strong, according to data issued today by the American Trucking Associations (ATA).

The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index headed up 6.3% to 119.9 in October over September’s 112.8 (2015=100). This followed a 0.1% (revised from –0.8%) gain from August to September and a 2% (which was raised following an originally reported 1.8%) decrease from July to August and a 1.9% increase from June to July.

On an annual basis, SA tonnage is up 9.5% compared to October 2017’s 3.8% annual spread. Through the first ten months of 2018, SA tonnage is up 7.3% annually.

The ATA’s not seasonally-adjusted (NSA) index, which represents the change in tonnage actually hauled by fleets before any seasonal adjustment and the metric ATA says fleets should benchmark their levels with, came in at 124.4, marking an 11.8% annual increase.

“After slowing at the end of the third quarter, truck freight surged in October,” said ATA Chief Economist Bob Costello in a statement. “Last month’s strength was due, at least in part, to strong import numbers, especially on the West Coast. This is likely a pull ahead of imports as shippers try to take delivery of goods before January 1 when tariffs on a large list of goods China increases from 10% to 25%.”

Speaking on a recent conference call hosted by investment firm Stifel earlier this year, Costello said that there are a few drivers of the current solid freight activity, including consumer spending, construction activity, manufacturing activity, and inventory levels throughout the supply chain.

“[L]ooking at the over-the-road TL and LTL markets, I like to look at factory output,” he said. “2018 is shaping up to be the highest level of production since 2007, and 2019 should be the highest on record. If we look at year-over-year growth rates, we're going to go essentially no growth in the sector from 2015 and 2016 to 2.8% growth this year and over 3% growth next year.”


Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

ATA · Tonnage · Trucking · volume · All Topics
Latest Whitepaper
Travel Time Forecast Infographic
Combining traffic speed insight with highly localized weather forecast data to help more accurately predict travel time.
Download Today!
From the November 2018 Logistics Management Magazine
If I were to share a single observation from this year’s CSCMP conference, it would be this: Nearly every conversation I had in Nashville touched on the motor carrier capacity crisis.
Land O’Lakes lock in Texas-based capacity
How will the tariff war with China affect U.S. container ports?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
The Future of Multi-Carrier Shipping Systems (Beyond the Shipping Label)
How confident are you that the shipping solution you have in place today will meet emerging delivery and customer service trends over the next five years? In this webinar transportation technology expert Ken Fleming, COO of Logistyx Technologies, discusses the key trends shaping supply chain delivery today and how they’re influencing shipping system requirements.
Register Today!
EDITORS' PICKS
The Logistics News that Shaped 2018
Every year at this time, group news editor Jeff Berman combs through the mountain of news that was...
Land O’Lakes lock in Texas-based capacity
Faced with the challenge of securing capacity in specific lanes, the iconic company broke with...

8th Annual Rail/Intermodal Roundtable: Work in progress
Volumes are strong and steady, service is improving, yet our panel of the nation’s foremost rail...
Transportation Best Practices and Trends: Frios’ cool solution for a hot seller
Gourmet ice pop maker adopts collaborative cold chain solution to keep profits from melting away due...