The American Trucking Associations’ advance seasonally adjusted For-Hire Truck Tonnage Index increased 2.2 percent in December after falling a revised 0.6 percent in November. The latest improvement put the index at its highest level since September 2008.
The seasonally adjusted index for December is was 111.6 (2000=100) in December. In November, the SA index equaled 109.2.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 107.2 in December, down 1 percent from the previous month.
Compared with December 2009, seasonally adjusted tonnage climbed 4.2 percent, which was higher than November’s 3.3 percent year-over-year increase. For all of 2010, tonnage was up 5.7 percent compared with 2009. In 2009, the index plunged 8.7 percent.
ATA Chief Economist Bob Costello said that December’s improvement fits well with the sea-saw pattern that many carriers are reporting. “Fleets continue to tell me that freight volumes are very choppy – up one week, but down the next. That is a trend that is likely to continue this year as the economy is not growing across the board yet.”
Still, Costello said it was a positive sign for the economy that SA tonnage reached the highest level in 27 months. “I continue to expect truck freight tonnage to grow modestly during the first half of 2011 and accelerate in the later half of the year into 2012.”
Economy: Related News
1/26/2011 – ATA Tonnage Index Jumps 2.2 Percent
The American Trucking Associations’ advance seasonally adjusted For-Hire Truck Tonnage Index increased 2.2 percent in December after falling a revised 0.6 percent in November. The latest improvement put the index at its highest level since September 2008….
1/18/2011 – Economy, Trucking Looking Up for 2011
A string of economic experts and industry analysts offered a more optimistic look at the economic and trucking industry outlook for 2011 — albeit with some downsides — during the annual Heavy Duty Dialogue event put on Monday by the Heavy Duty Manufacturers Association in Las Vegas….
1/13/2011 – DOT Freight Index Falls 0.3% in November from October
The U.S. Department of Transportation’s Freight Transportation Services Index fell 0.3 percent in November from its October level, declining after two monthly increases….
1/13/2011 – Moving Group Sees Upturn in Household Moves and Employee Relocations
Private and corporate household relocations continued to increase during the first three quarters of 2010, reflecting the gradual improvement in the overall U.S. economy, according to the latest issue of Industry Trends from the American Moving Storage Association….
1/13/2011 – FTR Says Shipper Index Neutral; Predicts Tightening Carrier Capacity
FTR Associates says while its Shippers Condition Index is currently at neutral, it expects that will shortly change as carrier capacity tightens and the economy comes out of its recent pause….
1/12/2011 – Year-End Surge Reported in Latest Ceridian-UCLA Pulse of Commerce Index
The Ceridian-UCLA Pulse of Commerce Index surged 2.4 percent in December and pushed the PCI above its previous 2010 peak established in May. This performance, combined with November’s 0.4 percent increase, was enough to offset three previous consecutive months of decline….
1/12/2011 – ACT Research: Commercial Vehicle Market Beginning Upcycle
The fundamentals that support heavy-duty commercial vehicle demand are all signaling the start of an upcycle for the market, according to ACT Research Co. …
1/7/2011 – December Class 8 Net Orders Top 25,000
FTR Associates has released preliminary data showing December Class 8 truck total net orders for all major North American OEM’s at 25,247 units, only a slight 3% drop from the strong November activity….
1/6/2011 – BTS: October Surface Trade with Canada and Mexico Tops $70 billion
Trade using surface transportation between the United States and its North American Free Trade Agreement partners, Canada and Mexico, was 14.9 percent higher in October 2010 than in October 2009, reaching $70.6 billion…
1/5/2011 – Texas Leads U.S. in Inbound Migration, Michigan Leads in Outbound Moves
For the sixth year in a row, Texas eclipsed every other state and took the lead as the No. 1 magnet state in 2010, based on Allied Van Lines 43rd Annual Magnet States Report, which tracks U.S. migration patterns….
1/5/2011 – Manufacturing Numbers Point to a Stronger Year Ahead
Tax cuts, renewed consumer confidence, expansion in the manufacturing sector and even a rise in construction spending are all giving the economy a much needed New Year’s boost….
12/22/2010 – Commercial Trailer Net Orders Surge 23 Percent
Net orders of commercial trailers rose to 21,314 in November, a 23 percent increase over October’s performance that was the strongest month in over two years. ACT Research Co. (ACT) also reported that November net orders were up 215 percent from the same month last year….
12/20/2010 – ATA: Truck Tonnage index fell 0.1 Percent in November
The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index edged 0.1 percent lower in November after increasing a revised 0.9 percent in October….