After a 2.1-percent rise in May, the American Trucking Associations’ For-Hire Truck Tonnage Index inched up by 0.1 percent in June.
Compared to June 2012, the current tonnage index is up by 4.7 percent.
The continued strength of the auto industry helped push up truck tonnage in June, according to ATA. In general, heavy freight is showing a better growth rate this year than lighter cargo.
“The fact that tonnage didn’t fall back after the 2.1-percent surge in May is quite remarkable,” Bob Costello, ATA’s chief economist, said in a statement. “While housing starts were down in June, tonnage was buoyed by other areas like auto production, which was very strong in June, and durable-goods output, which increased 0.5 percent during the month, according to the Federal Reserve.” - Jon Ross