The ATA For-Hire Truck Tonnage Index decreased in June, reversing a brief gain from May and resuming the trend of year-over-year losses. Despite the decline, the second quarter showed slight improvements over the first, suggesting potential stabilization in truck freight volumes. PRIMO’s expertise in capacity procurement directly addresses the challenges of market instability caused by fluctuations in freight tonnage, ensuring reliable logistics solutions for businesses.

June Tonnage Decline: The ATA For-Hire Truck Tonnage Index fell by 0.4% year-over-year to 113.5 in June, following a brief increase in May that ended 15 months of consecutive losses.

Sequential Decrease: The index also saw a 1.6% decrease from the previous month, indicating a slight setback in the recovery trend.

Economic Indicators: Despite the decline, the second-quarter average was 0.2% above the first quarter, suggesting potential stabilization in truck freight.

Mixed Signals: Experts noted mixed signals in the market, with private fleet capacity additions impacting for-hire volumes and slight demand recovery in the spot market.

Reference: ttnews.com