Trucking Tonnage Index Improves in August 2014

September 23rd, 2014
in econ_news, syndication

Econintersect: The American Trucking Associations’ (ATA) trucking index improved 1.6% in August 2014 following a 1.5% increased in July 2014. From ATA Chief Economist Bob Costello:

Follow up:

After a strong July, factory production and housing starts fell in August on a month-to-month basis. Truck tonnage actually did the opposite. Not only did it increase, it accelerated. The tonnage is up 3.1% over the last two months alone and has surged 6.8% since hitting a recent low in January. I’m optimistic about the second half of the year for the economy, which means truck tonnage should do well too.

 

/images/z truck.jpg

Compared with August 2013, seasonally adjusted tonnage increased 4.5%.

Econintersect tries to validate data across data sources. It appears this month that jobs growth says the trucking industry increased 0.2% month-over-month (red line). Please note using BLS employment data in real time is risky, as their data is normally backward adjusted significantly.  



This data series is not transparent and therefore cannot be relied on. Please note that the ATA does not release an unadjusted data series (although they report the unadjusted value each month - but do not report revisions to this data) where Econintersect can make an independent evaluation. The data is apparently subject to significant backward revision. Not all trucking companies are members of the ATA, and therefore it is unknown if this data is a representative sampling of the trucking industry.

Steven Hansen

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