ATA Truck Tonnage Index Decreased 3.5% in January

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 3.5% in January after increasing 1.2% in December. In January, the index equaled 111.0 (2015=100) compared with 115.0 in December.

ATA recently revised the seasonally adjusted index back five years as part of its annual revision.

“January’s data was a snap back to reality for anyone thinking the freight market was about to turn the corner,” said ATA Chief Economist Bob Costello. “Bad winter weather in January likely hurt volumes, not to mention sharp drops in a number of drivers of tonnage including retail sales, housing starts and manufacturing output.”

December’s increase was revised down from our January 23 press release.

Compared with January 2023, the SA index fell 4.7%, which was the eleventh straight year-over-year decrease. In December, the index was down 0.8% from a year earlier.
more at: https://www.trucking.org/news-insights/ata-truck-tonnage-index-decreased-35-january