Even with sequential growth occurring from May to June, overall trucking growth remains at a standstill to a large degree, based on data released today by the American Trucking Associations (ATA).
Seasonally-adjusted (SA) truck tonnage in June was up 1.2 percent on the heels of a 1.0 percent (revised from an original reading of -1.7 percent) decline in May. ATA officials said that June’s 1.2 percent SA bump represents the largest month-to-month increase in 2012 year-to-date. But even with the gain it pointed out that that the SA contracted a cumulative 1.2 percent in April and May. June’s SA reading was 119.0 (2000=100), which was ahead of May’s 117.5. The SA is 3.2 percent above June 2011, marking the smallest annual SA gain since May 2012. Through the first six months of the year SA tonnage is up 3.7 percent.
The ATA’s not seasonally-adjusted (NSA) index, which represents the change in tonnage actually hauled by fleets before any seasonal adjustment, fell 0.9 percent from May to come in at 123.0 in June. This was up 0.7 percent on an annual basis.
As defined by the ATA, the not seasonally-adjusted index is assembled by adding up all the monthly tonnage data reported by the survey respondents (ATA member carriers) for the latest two months. Then a monthly percent change is calculated and then applied to the index number for the first month.
“June’s increase was a pleasant surprise, but the lower year-over-year gain fits with an economy that has slowed,” ATA Chief Economist Bob Costello said in a statement. “Manufacturing output was strong in June, which helped tonnage levels.”
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Story by Jeff Berman