Trucking rose modestly in October, the third increase since July, according to the American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index.
“The slow, and choppy, climb off of the bottom continued in October,” said ATA Chief Economist Bob Costello, in a statement. “Since hitting a low in January of this year, tonnage is up a total of 3%, plus the index is up sequentially in three of the last four months. No doubt the freight market has improved – albeit slowly – over the course of the year.”
In October, the ATA advanced seasonally adjusted For-Hire Truck Tonnage Index equaled 114.6 compared with 113.3 in September. The index, which is based on 2015 as 100, equaled the reading from the same month last year.
The not seasonally adjusted index, which calculates raw changes in tonnage hauled equaled 121.3 in October, 8.6% above September.
The seasonally adjusted increase follows a decline in September, which was revised up slightly from October.
