Executive Briefings

ATA Truck Index Posts Best January in History

The American Trucking Associations' advanced seasonally adjusted for-hire truck tonnage index increased 2.9 percent in January after jumping 2.4 percent in December. Tonnage has surged at least 2.4 percent every month since November, gaining a total of 9.1 percent over that period. As a result, the SA index equaled 125.2 (2000=100) in January versus 121.7 in December. January's index was the highest on record. Compared with January 2012, the SA index was up a robust 6.5 percent the best year-over-year result since December 2011.

"The trucking industry started 2013 with a bang, reflected in the best January tonnage report in five years," said Bob Costello, ATA's chief economist. "While I believe that the overall economy will be sluggish in the first quarter, trucking likely benefited in January from an inventory de-stocking that transpired late last year, thus boosting volumes more than normal early this year as businesses replenish those lean inventories."

ATA recently revised the seasonally adjusted index back five years as part of its annual revision. For all of 2012, tonnage was up 2.3 percent the same as reported prior to the revision. In 2011, the index was up 5.8 percent.

The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 122.4 in January, which was 10.7 percent above the previous month (110.5).

Read Full Article

"The trucking industry started 2013 with a bang, reflected in the best January tonnage report in five years," said Bob Costello, ATA's chief economist. "While I believe that the overall economy will be sluggish in the first quarter, trucking likely benefited in January from an inventory de-stocking that transpired late last year, thus boosting volumes more than normal early this year as businesses replenish those lean inventories."

ATA recently revised the seasonally adjusted index back five years as part of its annual revision. For all of 2012, tonnage was up 2.3 percent the same as reported prior to the revision. In 2011, the index was up 5.8 percent.

The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 122.4 in January, which was 10.7 percent above the previous month (110.5).

Read Full Article