This is GREAT news! I highly encourage all fleets that are asked to fill out the survey do so. This is very important for the industry and desperately needed after 20 years. American Trucking Transport Topics

U.S. Bank  Freight Payment Index: Number of shipments drop, cost to ship climbs usbank.com/content/usbank…

Excuse me? How many jobs were added in January? 467,000? Huge upside surprise. Avg hr earnings jump. Fed clearly behind the curve. For-hire trucking added 8,000 to payrolls, which is a big number. Certainly seasonal adjustment factor impacts, but still a very strong report.

Strong gain in for-hire truck tonnage during March. This data is dominated by contract freight with minimal amounts of spot tonnage.

Again in the first quarter there were some interesting trends at the regional level of @USBankPayments data. Nationally, the data suggests a solid freight market despite some real challenges in the first quarter.

For-Hire Truck Tonnage rose 0.5% in May over April and increased 3.7% from a year earlier. The American Trucking index is dominated by contract freight, not traditional spot. Seems like the transition back to contract from spot is continued last month.

ATA members: I'll be giving a webinar on the state of the economy and freight market at 2pm ET on 6/28 sponsored by ACT1. Mark your calendars now and register soon here: trucking.org/events ATA members only. American Trucking

ATA Members Only: Join me for my Q2 Economic & Freight Market Update sponsored by PrePass on June 28th at 2pm. Register here: trucking.org/events/ata-jun…

ATA’s June 2022 Economic & Trucking Update, sponsored by PrePass, is June 28 at 2 pm EST. Join ATA’s Bob Costello, Chief Economist & Senior Vice President, for an updated look at the current economic and trucking trends. Open to all ATA members. bit.ly/3xJ0z7j

CPI report for July: While still very high, it surprised to the low side (a good thing). +8.5% y/y vs estimate of +8.7%. In June, +9.1% y/y. Still a LONG way to go, but a step in the right direction.

How will interest rates, geopolitical tensions, & commodity prices affect the US economy & the #truckingindustry? We'll explore this topic Oct. 25 at #ATAmce22 in our general session, Sponsored by Pilot Flying J. Register to join us! mce.trucking.org

After a down July, for-hire truck tonnage (TL and LTL) snapped back in August, +2.8% from July and +7.4% from Aug '21. Level of tonnage is back to 2019 levels, which is the all-time high.

DOL reported today that for-hire trucking shed 11,400 jobs in Sept. Excluding Apr'2020, that was the largest decrease since Apr'09. It suggests that small fleets are folding and/or fleets are right sizing, but it should ease overcapacity fears, which I don't subscribe to.

Join us on Tuesday, November 8th at 2PM EST for ATA’s November 2022 Economic & Trucking Webinar, sponsored by U.S. Bank. ATA’s Bob Costello will share an updated look at the economy. This webinar is open to the public. Register here: bit.ly/3ylQYEs

American Trucking Trends 2022, the singularly important guide to economic trends and other topics in the trucking and transportation industry, has officially been released! Order your edition for just $140 for ATA Members and $275 for Non-Members. Order: bit.ly/3eGuCai

Another solid seasonally adjusted truck tonnage reading. Sep +0.5% over Aug; +5.5% over Sep '21. ATA's index includes TL and LTL freight and is dominated by contract loads. So another indication that contract is holding up better than spot.

ATA Truck Tonnage Index Rose 0.5% in September trucking.org/news-insights/…

“I think that we’re going to have a mild recession early next year,” Bob Costello Costello said. By Connor D. Wolf #ATAmce22 ttnews.com/articles/truck…

Truck #tonnage has increased sequentially over the last three months, totaling 2.9%. February's gain = 1.2%. 🚛 📈 trucking.org/news-insights/…

Tune in May 30 at 2 PM EST for ATA’s May 2023 Economic & Trucking Update, sponsored by PrePass. ATA’s Bob Costello will highlight the current economic and trucking trends and explain what it means for your business. Register today. bit.ly/3HCWmrE