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American Trucking Associations Index increases 2.9 per cent in January
THE American Trucking Associations' (ATA) For-Hire Truck Tonnage Index rose 2.9 per cent in January, following a 4.3 per cent December decline, reported the American Journal of Transportation.
(December's index was revised upward from the ATA press release of January 24.)
In January, the index equalled 138.8 (2000=100), up from 134.9 in December. The all-time high was 142.7 in February 2016. Compared with January 2016, the index increased 2.6 per cent. In December, the index fell 0.2 per cent on a year-on-year basis. For all of 2016, tonnage was up 2.5 per cent.
ATA recently revised the seasonally adjusted index back five years as part of its annual revision.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equalled 131.6 in January, which was 1.8 per cent below the previous month (133.9).
"The freight economy is starting to show some signs of life and January's truck tonnage numbers are a good step forward," said ATA chief economist Bob Costello. "Hopefully the ups and downs in truck tonnage during 2016 will not be as pronounced in 2017.
Trucking serves as a barometer of the US economy, representing 70.1 per cent of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled nearly 10.5 billion tons of freight in 2015. Motor carriers collected $726.4 billion, or 81.2 per cent of total revenue earned by all transport modes.
(December's index was revised upward from the ATA press release of January 24.)
In January, the index equalled 138.8 (2000=100), up from 134.9 in December. The all-time high was 142.7 in February 2016. Compared with January 2016, the index increased 2.6 per cent. In December, the index fell 0.2 per cent on a year-on-year basis. For all of 2016, tonnage was up 2.5 per cent.
ATA recently revised the seasonally adjusted index back five years as part of its annual revision.
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equalled 131.6 in January, which was 1.8 per cent below the previous month (133.9).
"The freight economy is starting to show some signs of life and January's truck tonnage numbers are a good step forward," said ATA chief economist Bob Costello. "Hopefully the ups and downs in truck tonnage during 2016 will not be as pronounced in 2017.
Trucking serves as a barometer of the US economy, representing 70.1 per cent of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled nearly 10.5 billion tons of freight in 2015. Motor carriers collected $726.4 billion, or 81.2 per cent of total revenue earned by all transport modes.
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