American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 1.6 percent in June after increasing 3 percent in May. In June, the index equaled 113.5 (2015=100) compared with 115.3 in May.

“While giving back some of the gain from May, it appears that truck freight tonnage is slowly going in the right direction since hitting a recent low in January,” said ATA Chief Economist Bob Costello. “Despite June’s decline, the second quarter average was 0.2 percent above the first quarter and only 0.2 percent below the second quarter in 2023, which are good signs that truck freight might be finally turning the corner.”

May’s increase was revised down from the June 18 press release.

Compared with June 2023, the index decreased 0.4 percent. In May, the index was up 1 percent from a year earlier, which was the first year-over-year gain since February 2023.

The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 113.1 in June, 5.5 percent below May. ATA’s For-Hire Truck Tonnage Index is dominated by contract freight as opposed to traditional spot market freight.

In calculating the index, 100 represents 2015.