Trucking Tonnage Fell 1.3% In July 2011

August 25th, 2011
in econ_news

Econintersect: According to the American Trucking Association, their Truck Tonnage Index decreased 1.3% in July 2011 after rising a revised 2.6% in June 2011.

ATA Chief Economist Bob Costello said:

We had heard that freight weakened from a robust June, that that was true.   Tonnage has fallen in three of the last four months on a sequential basis.

Follow up:

Despite a solid June, our truck tonnage index fits with an economy that is growing very slowly.  The good news is that tonnage continues to increase on a year-over-year basis, but it is likely that the rate of growth will moderate in the second half of the year.

Compared with July 2010, SA tonnage was up 3.9%.  In June, the tonnage index was 6.5% above a year earlier.  Econintersect uses transport indices to measure the economy - and believes their movements correlate to economic activity.  Hat tip to Calculated Risk for the graph below.

source: ATA via PRNewswire, Calculated Risk


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