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ATA: Truck Tonnage Index increases in October

By Anonymous

Earlier post: New Home Sales decline in October

From the American Trucking Association: ATA Truck Tonnage Index Rose 0.8 Percent in October

The American Trucking Associations? advance seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.8 percent in October after increasing a revised 1.8 percent in September. The latest gain put the SA index at 109.7 (2000=100) in October from 108.9 in September.
...
ATA Chief Economist Bob Costello said that truck tonnage changes over the last couple months shows there are some bright spots in the U.S. economy. ?October tonnage levels were at the highest level in three months, even after accounting for typical seasonal shipping patterns. These gains fit with reports out of both the manufacturing and retail sectors and show there is a little bit of life in this economic recovery."

Click on map for larger image.

This graph from the ATA shows the Truck Tonnage Index since Jan 2006.

The line is added to show the index has been mostly moving sideways this year.

Full post as published by Calculated Risk on November 24, 2010 (boomark / email).