The ATA For-Hire Truck Tonnage Index rose +0.2% MoM in November but fell -0.3% YoY, signaling freight volumes remain subdued after prior declines.

• The seasonally adjusted index increased to 112.4 in November (from 112.2 in October), following a -1.9% MoM decline in October and a -0.8% MoM decline in September, indicating only a modest rebound after recent weakness.

• YoY tonnage declined -0.3%, marking the second consecutive annual decrease after a -1.5% YoY drop in October, pointing to ongoing softness compared with last year.

• Year-to-date tonnage was unchanged relative to the same period in 2024, suggesting flat freight volumes overall despite recent volatility.

• ATA noted that November’s small gain followed large declines in prior months, leaving volumes at low levels by historical standards.

• The not seasonally adjusted index fell sharply to 107.3 in November, down -10.2% MoM from 119.5 in October, reflecting a sizable raw pullback consistent with seasonal patterns.

• October’s seasonally adjusted decline was revised slightly higher than initially reported, modestly altering the recent monthly trend but not changing the broader picture of constrained freight activity.