How have US trucking volumes fared since before the pandemic?
One measure of volume is the monthly Freight Tonnage Index from the American Trucking Associations, a trade group for truckers.
The graphic below from the ATA tracks tonnage from 2019 through July of this year.
As can be seen, after a short but steep drop at the start of the pandemic in 2020, freight mostly took off, as measured by the ATA index, coming close to pre-pandemic highs in mid-2019.
But recently tonnage has been falling, and is now below the index level at the beginning 2019 - more than four years later.
Trucking is a tough business.
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