FedEX US Business Down 1% YOY

If the Fed and other "experts" wouldn´t have told me month after month that the economy is sound & strong this figure would lead me to the conclusion the US is already a few months into a recession......;-)

Wenn man mir nicht seit Monaten täglich von Seiten der Fed und anderen "Experten" erzählen würde das die US Wirtschaft solide und stark sind könnte man bei Betrachtung dieser Zahl glatt annhemen das die USA bereits seit geraumer Zeit in einer Rezession stecken..... ;-)

"U.S. domestic package volume and revenue declined 1%, reflecting the continued impact of the challenging U.S. economy, lower fuel surcharges and a customer shift to lower-yielding services"

Thank god that housing was all the time "contained" .......

Gott sei Dank war der Immobiliensektor ja die ganze Zei über "contained".....

ATA Truck Tonnage Index Fell To A 7 Month Low

This index is a good real time indicator what is going on in the US economy. I find it interesting but not surprising ( because i don´t trust the GDP numbers) that despite a 7 month low and tonnage down over 3 percent yoy the government numbers show a overall GDP growth of 3.4 percent.

Dieser Index ergibt aufgrund seiner Aussagekraft ein zeitnahes Bild über die Verfassung der US Wirtschaft ab. Wen man den GDP Zahlen der Regierung glauben mag ergibt sich ein gewaltiger Unterschied des Truckindex der auf Jahressicht über 3% nachgibt und dem gesamten GDP von einem Zuwachs mit 3,4%.

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.

Arlington, VA — The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 0.1 percent in June, marking the third consecutive month-to-month drop. Tonnage fell 1.3 percent in May and has dropped 3.5 percent since March. The not seasonally adjusted index dropped 3.3 percent from May to 114.1.

On a seasonally adjusted basis, the tonnage index declined to a seven-month low of 110.5 (2000 = 100) in June from 110.6 the previous month. Compared with a year earlier, tonnage was down 3.4 percent in June, which is just a slight improvement from the 3.6 percent year-over-year decrease in May.

ATA Chief Economist Bob Costello said that while the government reported the economy grew at a 3.4 percent annualized rate in the second quarter, that strength did not filter into the transport sector. “Our tonnage index fell 1.8 percent during the second quarter from the first quarter and was 3.2 percent lower than the same quarter in 2006,” he said.

Costello attributed this difference to several trends. First, the so-called “goods” economy, which is more pertinent for transportation companies and excludes services and adds in imports of goods, unlike the GDP calculation by the government, grew at a slower 2.6 percent annualized rate in the second quarter compared with the overall growth of 3.4 percent.

Second, the housing sector continues to be a bigger drag on motor carriers than the economy at large. Residential investment fell 9.3 percent during the second quarter, according to Bureau of Economic Analysis. Third, manufacturing production, once adjusted for the weight of the goods instead of the value, continues to contract on a year-over-year basis.

Trucks hauled 10.7 billion tons of freight in 2005. Motor carriers collected $623 billion , or 84.3 percent of total revenue earned by all transport modes.

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.

truck, railroad and port news from april / not a pretty picture...

i think this cartoon sums it up......... :-)

dieser cartoon fasst das ganze recht gut zusammen..... :-)

ALEXANDRIA, Va. — The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 2.2 percent in April, after posting a 1.2 percent jump in March.

On a seasonally adjusted basis, the tonnage index declined to 112.1 (2000 = 100) in April from 114.6 the previous month. After March’s year-over-year increase, which was the first since June 2006, April’s tonnage was 2.7 percent below the same month in 2006......

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.

Trucks hauled 10.7 billion tons of freight in 2005. Motor carriers collected $623 billion , or 84.3 percent of total revenue earned by all transport modes.......

ATA represents more than 37,000 members covering every type of motor carrier in the United States.

Railroads Feel Profit Pinch as U.S. Automakers Trim Production http://tinyurl.com/3yprxa

hat tip to Russ Winter http://tinyurl.com/37zrsf

April’s container data from the Port of Los Angeles is in, and is consistent with other “reports from the field”. 368,683 loaded containers came in, versus 370,171 in April last year, which is down 0.4%

ATA Truck Tonnage Index Rose 1.6% mom, down 1,7% yoy

at least some (relativeley) good news.

immerhin einige (relativ) gute nachrichten.


The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.6 percent in February after falling a revised 3.1 percent in January.

On a seasonally adjusted basis, the tonnage index improved to 113.3 (2000 = 100) in February from 111.5 the previous month. The index decreased 1.7 percent compared with a year earlier, marking the eighth consecutive year-over-year decline. The not seasonally adjusted index fell 6.8 percent from January to 101.2.

ATA Chief Economist Bob Costello said February’s tonnage increase came as a surprise given other economic trends during the month and considering the rough winter weather. He attributed some of the index’s strength, however, to easy comparisons with January because the first month of the year was particularly weak.



“The latest increase from January, as well as the relatively small decrease from a year earlier, while welcomed, is probably not the norm, at least in the short-run,” said Costello. “Freight levels remain challenging, despite some anecdotal reports of better volumes in late March. At this time, however, it is difficult to ascertain whether those reports are due to seasonal blips or an underlying trend. We continue to look to the second half of 2007 for better tonnage volumes. But we shouldn’t expect a robust rebound in freight during 2007.”

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.

Trucks hauled 10.7 billion tons of freight in 2005. Motor carriers collected $623 billion, or 84.3 percent of total revenue earned by all transport modes.

more on this topic from russ winter http://tinyurl.com/yqdz73