Truckers’ ‘tonnage’ down 4.3% in June
The amount of weight that trucks hauled in June fell by about 4.3 percent from May, when trucks hauled about 6.9 percent more than in the previous month, according to an American Trucking Associations index.
That amounts to about 277,000 tons in June, down from 289,400 tons in May.
The weight, called “tonnage,” is one of several metrics to determine the health of shipping freight markets, which analysts say seem to be strengthening.
Despite the drop from May, the tonnage in June was up about 1.3 percent from last year. In May, the tonnage increased about 5.2 percent compared with May 2016.
“June’s slide does not change my belief that we will continue to see moderate, albeit at times choppy, growth in truck tonnage as the year continues,” American Trucking Associations chief economist Bob Costello said in a news release.