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Two of the three major monthly freight indexes showed positive trends in August, leading economists to downplay fears the trucking industry is heading into a downturn leading up to the holiday shipping season.

Truck tonnage surged 7.3%, the largest year-over-year gain since April, compared with July 2018, according to American Trucking Associations.

American Trucking Associations’ June advanced seasonally adjusted For-Hire Truck Tonnage Index declined by 1.1% in June, after also falling 4% in May.

Tonnage took a 6.1% decline in May, according to American Trucking Associations’ For Hire Truck Tonnage Index. Compared with May 2018, the seasonally adjusted index increased 0.9%, the smallest year-over-year gain since April 2017.

Tonnage saw a big surge in April, according to American Trucking Associations, even as spot rates and volumes declined in the same month, according to other surveys.

American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index in March declined 2.3% after decreasing 1.5% in February.

American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index in February was 117.4, a gain of 5.4% from the same period a year ago.

NASHVILLE, Tenn.— The freight market will grow at a slower pace this year than it did in 2018, according to American Trucking Associations Chief Economist Bob Costello.

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 2.3% in January after falling 1% in December.

Truck tonnage closed out 2018 on a 20-year high with an annual increase of 6.6%, American Trucking Associations announced.