Trucking Tonnage Remains above Year Earlier Levels
Trucking activity in the United States contracted 2% in May after decreasing 0.9% in April, according to the American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index.
“After a total gain of 4.7% during the first three months of the year, tonnage fell a total of 2.9% during the last two months,” said ATA Chief Economist Bob Costello. “Despite the recent decreases, the index increased from year earlier levels for the sixth straight month.