No Recession In Truck Tonnage & Employment

The trucking industry didn't get the recession memo yet. The ATA's For-Hire Truck Tonnage Index increased 2.7% in June after rising 0.3% in May. In June, the index equaled 120.1, rebounding almost back to its pre-pandemic record high.

Trucking is a good coincident indicator of the economy, representing 72.5% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods.