Econintersect: The American Trucking Associations’ (ATA) trucking index increased 1.2% following an upwardly revised increase of 0.1% in December. From ATA Chief Economist Bob Costello:
Truck tonnage continued to improve in January, marking the fourth straight gain totaling 3.5%. Last year was slightly better for truck tonnage than we originally thought and I am expecting that momentum to continue in 2015. Since bottoming out in March 2014, tonnage is up 6.7%.
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Compared with one year ago, seasonally adjusted tonnage increased 6.6%.
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.
source: ATA
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