TRUCK TONNAGE IMPROVES IN DECEMBER
The American Trucking Association’s truck tonnage index climbed 2.1% in December and continues to show modest signs of economic improvement. The latest reading of 108.4 is the highest since November 2008.
ATA Chief Economist Bob Costello, tempered expectations for the coming months as he expects things to slow a bit:
“The robust tonnage numbers in November and December were aided by better economic growth as well as a positive inventory effect. However, economic activity is expected to moderate in the current quarter, which will keep a lid on tonnage growth. While the index was moving toward positive year-over-year readings in recent months, December’s gain was due, in part, to a 7.8 percent plunge a year earlier. There is no doubt that the industry is moving the right direction, but the level of freight will not be as strong as the year-over-year increases suggest because of how terrible it was in late 2008 and much of 2009.”
Source: ATA
was wondering what was in those trucks, were they fully loaded with cash, some derivatives and oil ? where did delivery take place ? can we go there ? lol.
where they full of moving boxes and people moving ? to where ?
thank G-D we had some great retail season, lol, bet you a lot of those packages got tossed all over the place.
if trucking is so good, what’s buffet doing with BNI ? which is some story in its self, but…
sorry, just had to, enough with those stories and findings that clearly don’t fit any of our profile, could it be spill over from the 10.7 GDP out of china ? think you should check that far east file, you might be missing this trucking report there.
should we buy FDX ? UPS ? some YRCW ? or do we keep the shorts ?
not huffy at all, sitting smiling lol’ing reading great stuff…
great report, thank you