ATA Truck Tonnage Index rises in January

April 1, 2009
The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index climbed 3.0 percent in January 2009, marking only the second

The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index climbed 3.0 percent in January 2009, marking only the second month-to-month increase in the past seven months. Still, the gain did little to erase the revised 7.8 percent contraction in December 2008. In January, the seasonally adjusted tonnage index equaled just 104.7 (2000 = 100), its second-lowest level since October 2002. In January, the not seasonally adjusted index fell 4.4 percent from the previous month to 97.2.

ATA recently revised the seasonally adjusted index back five years as part of its annual revision. Compared with January 2008, the index declined 10.8 percent, which was slightly better than December's 12.5 percent year-over-year drop.

Bob Costello, ATA chief economist, said there was no reason to get excited about January's 3.0 percent month-to-month improvement. “Tonnage will not fall every month, and just because it rises every now and then doesn't mean the economy is on the mend,” he said. “Furthermore, tonnage is contracting significantly on a year-over-year basis, which is highlighting the current weakness in the freight environment.”

Costello also noted that any sustained recovery in tonnage is still months away.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...

Fleet Industry Benchmarks: How does your fleet stack up?

Discover how your fleet compares to industry benchmarks and gain insights from a 2024 Benchmarking Report on maintenance spend, turnaround time, and more. Join us to identify ...

Build a Tolling Program to Manage Toll Fees and Risks

Fleets looking to effectively manage their operational costs should consider their tolling costs. Download the PrePass whitepaper, “Build a Tolling Program to Manage Toll Fees...

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...