The ATA’s trucking index declined 0.7% in May in the second consecutive month of declines. ATA’s Chief Economist Bob Costello says the economy “has slowed”:
ARLINGTON, VA — The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire truck Tonnage Index decreased 0.7% in May after falling 1.1% in April. (April’s loss was the same as ATA reported on May 22.) The latest drop lowered the SA index to 117.8 (2000=100), down from April’s level of 118.7. Compared with May 2011, the SA index was 4.1% higher, the largest year-over-year increase since February 2012. Year-to-date, compared with the same period last year, tonnage was up 3.8%.