by Bill McBride on 11/24/2010 07:15:00 PM
Wednesday, November 24, 2010
Earlier post: New Home Sales decline in October
From the American Trucking Association: ATA Truck Tonnage Index Rose 0.8 Percent in October
The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.8 percent in October after increasing a revised 1.8 percent in September. The latest gain put the SA index at 109.7 (2000=100) in October from 108.9 in September.Click on map for larger image.
ATA Chief Economist Bob Costello said that truck tonnage changes over the last couple months shows there are some bright spots in the U.S. economy. “October tonnage levels were at the highest level in three months, even after accounting for typical seasonal shipping patterns. These gains fit with reports out of both the manufacturing and retail sectors and show there is a little bit of life in this economic recovery."
This graph from the ATA shows the Truck Tonnage Index since Jan 2006.
The line is added to show the index has been mostly moving sideways this year.
Posted by Bill McBride on 11/24/2010 07:15:00 PM