The American Trucking Associations’ (ATA) advanced seasonally adjusted For-Hire Truck Tonnage Index increased 2.7 percent in May, following a revised 1.7 percent drop during April. In May, the index equaled 139 (2000=100), up from 135.3 in April. The all-time high was 144 in February.Compared with May 2015, the seasonally adjusted index jumped 5.7 percent, which was up from April’s 2.4 percent year-over-year gain. Year-to-date, compared with the same period in 2015, tonnage was up 4 percent.
The not-seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 138.9 in May, which was 2.4 percent above the previous month (135.6).
“Following two consecutive decreases totaling 6 percent, May was a nice increase in truck tonnage,” said ATA Chief Economist Bob Costello. “Better consumer spending in April and May certainly helped, but economic growth remains mixed and I’d expect the recent choppy pattern in tonnage to continue for the next quarter or two.
“We recently received good news on the inventory cycle, with the total business inventory-to-sales ratio declining for the first time in nearly a year. While one month doesn’t make a trend, this was good news for the trucking industry,” he said.
Trucking serves as a barometer of the U.S. economy, representing 68.8 percent of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled just under 10 billion tons of freight in 2014. Motor carriers collected $700.4 billion, or 80.3 percent of total revenue earned by all transport modes.
ATA calculates the tonnage index based on surveys from its membership and has been doing so since the 1970s. This is a preliminary figure and subject to change in the final report issued around the 10th day of the month. The report includes month-to-month and year-over-year results, relevant economic comparisons and key financial indicators.
http://www.truckingnewsonline.com
No comments:
Post a Comment