Tuesday, November 19, 2013

ATA Truck Tonnage Index Decreased 2.8% in October - PRN (Chart)

Here's a quote from ATA's release (see the repost below):

"ARLINGTON, Va., Nov. 19, 2013 /PRNewswire-USNewswire/ -- The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index fell 2.8% in October, the first decrease since July. In September, the index was up 0.5%. September's increase was less than the preliminary 1.4% gain ATA reported on October 22, 2013. In October, the index equaled 124 (2000=100) versus 127.5 in September. October's level was the lowest since April. Compared with October 2012, the SA index surged 8%, which is the largest year-over-year gain since December 2011. Year-to-date, compared with the same period in 2012, the tonnage index is up 5.5%."

It seems like a good economic indicator to watch during this backstopped, manipulated economic recovery. Below is a chart from trucking.org's main press releaseCalculated Risk has a chart that goes back to the 1970s. It looks like this indicator led the 1974, 1982 and 2007 recessions perfectly; others, not so much. This decrease could have been related to the government shutdown. They didn't mention that in the press release, so not sure.

Source: Trucking.org


ATA Truck Tonnage Index Decreased 2.8% in October (via PR Newswire)

Download image American Trucking Associations logo.

(PRNewsFoto/American Trucking Associations) ARLINGTON, Va., Nov. 19, 2013 /PRNewswire-USNewswire/ -- The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index fell…


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