Truck tonnage drops for second month
Written by William C. Vantuono, Editor-in-ChiefAmerican Trucking Associations (ATA) Chief Economist Bob Costello says tuck tonnage has encountered a "slow patch."
He said ATA’s seasonally adjusted For-Hire Truck Tonnage Index decreased 2.3% in May after declining 0.6% in April. He said he remained optimistic that tonnage will improve in the second half.
The Bedford Report, which provides Market Research, noted that fuel costs have led many truckers to move loads to rail intermodal.
![“This record growth [in fiscal year 2024’s third quarter] is a direct result of our innovative logistic solutions during supply chain disruptions as shippers focus on diversifying their trade lanes,” Port NOLA President and CEO and New Orleans Public Belt (NOPB) CEO Brandy D. Christian said during a May 2 announcement (Port NOLA Photograph)](https://www.railwayage.com/wp-content/uploads/2024/05/portnola-315x168.png)