Thursday, June 28, 2007

ATA Truck Tonnage Index Dropping To A 6 Month Low

More "contained" news.........Especially when you keep in mind this number....

Nur gut das die Immobilienkrise die ja eigentlich keine ist keine weiteren Auswirkungen auf die sonstige Wirtschaft der USA hat..Besonders nicht wenn man sich die nachfoldende Zahl ansieht....

Trucking serves as a barometer of the U.S. economy because it represents nearly 70 percent of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods.

The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 1.3 percent in May, marking the second consecutive month-to-month drop. In April, tonnage fell 2.2 percent

On a seasonally adjusted basis, the tonnage index declined to a six-month low of 110.6 (2000 = 100) in May from 112.1 the previous month. Compared with a year earlier, tonnage was down 3.6 percent, the largest year-over-year drop since January 2007. The not seasonally adjusted index increased 6.8 percent from April to 117.9.

“The fact that the year-over-year comparison for truck tonnage worsened to a negative 3.6 percent from April’s minus 2.7 percent is troubling,” said Costello. “We fully anticipated a contraction, but the fact that it deteriorated may mean that more volatility is in store.

AddThis Feed Button



Blogger Edgar, AKA Mort said...

Truckers are getting squeezed from all sides. Higher fuel costs, more competition from immigrants, lower wages, higher insurance x3. I keep expecting a trucker strike or a labor rebellion but it never happens. This people has lost their fire.

8:05 AM  
Blogger jmf said...

Hi Edgar,

same here in Germany. Lots of competition from Eastern Europe.

A brutal business!

The main difference is that in Europe the volume is going gangbusters.

8:41 AM  

Post a Comment

Links to this post:

Create a Link

<< Home