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

 















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