ATA Truck Tonnage Index Increased 4.3% in February

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 4.3% in February after decreasing 3.2% in January. In February, the index equaled 116.0 (2015=100) compared with 111.3 in January.

“After a very soft January, due in part to winter storms, truck tonnage snapped back in February,” said ATA Chief Economist Bob Costello. “February’s level was the highest in a year, yet the index still contracted from a year earlier, suggesting truck freight remains in a recession.”

January’s decrease was revised up from our February 20 press release.

Compared with February 2023, the index fell 1.4%, which was the twelfth straight year-over-year decline. In January, the index was down 4.5% from a year earlier.

The not-seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 109.7 in February, the same as in January. ATA’s For-Hire Truck Tonnage Index is dominated by contract freight as opposed to spot market freight.
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