Trucking Tonnage Growth Best in 13 Years In December 2011

January 26th, 2012
in econ_news

Econintersect: The American Trucking Associations’ (ATA) trucking index increased 6.8% in December 2011 following a rise of 0.3% in November 2011. Compared with December 2010, seasonally adjusted tonnage was up a solid 10.5%.

For calendar year 2011, truck tonnage was up 5.9%.

“While I’m not surprised that tonnage increased in December, I am surprised at the magnitude of the gain,” ATA Chief Economist Bob Costello said.   Costello noted that it was the largest month-to-month increase since January 2005. 

Follow up:

“Not only did truck tonnage increase due to solid manufacturing output in December, but also from some likely inventory restocking.  Inventories, especially at the retail level, are exceedingly lean, and I suspect that tonnage was higher than expected as the supply chain did some restocking during the month.” he said. 

Econintersect's analysis shows trucking has been in a tight range all of 2011 - but the December tonnage increase put the index at highs not seen before, and the largest year-over-year gain since July 1998.

source: ATA

 









Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.















 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved