Washington, D.C. — The American Trucking Associations’ For‑Hire‑Truck Tonnage Index recorded a 7.9% increase in June tonnage compared with the same month last year, signaling a rebound in contract freight activity.
The index, a leading gauge of freight movement, rose to 120.1 in June after sitting at 116.9 in May. ATA’s chief economist Bob Costello explained that the climb reflects a shift from spot‑market shipments back to longer‑term contracts, a pattern that mirrors pre‑pandemic freight dynamics. As spot rates soften, carriers with contract commitments are filling the gap, keeping trucks on the road and sustaining load volumes.
Costello warned that while the broader economy is expected to grow modestly in the second quarter, the goods sector is holding up better than many analysts predicted. He noted that trucking moves 72.5% of all domestic freight tonnage, making the industry a reliable barometer of U.S. economic health. The surge in June therefore suggests that manufacturers and distributors are maintaining inventory flows despite slower consumer spending.
What This Means for Drivers
Owner‑operators can expect more consistent haul opportunities as shippers lean on contract lanes to stabilize capacity. CDL‑A drivers in OTR positions may see reduced deadhead miles because carriers are matching loads to pre‑arranged routes rather than chasing spot freight. Fleet managers should adjust scheduling software to prioritize contract assignments, which typically offer higher profit margins and predictable pay cycles. The uptick also means that truck driver jobs are likely to stay in demand, giving recruiters more leverage to fill open positions.
Industry Reaction
Carrier groups praised the data, saying the return to contract freight reduces volatility that has plagued the sector since the pandemic’s peak. Independent owner‑operators echoed the sentiment, noting that contract work lowers the risk of empty backhauls and improves cash flow. Trade associations highlighted the need for continued investment in infrastructure, arguing that a stable freight base will justify federal funding for highway improvements and technology upgrades.
Key Points
- June tonnage rose 7.9% year‑over‑year, the strongest gain since early 2022.
- ATA’s index climbed to 120.1, up from 116.9 in May.
- Contract freight now dominates the index, indicating a market shift away from spot rates.
- Trucking moves 72.5% of all domestic freight tonnage, underscoring its role as an economic barometer.
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