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ATA: "Truck freight tonnage has essentially gone sideways since April 2010"

By Anonymous

From the American Trucking Association: ATA Truck Tonnage Index Rose 1.5 Percent in July

The American Trucking Associations? advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.5 percent in July, although June?s reduction was revised from 1.4 percent to 1.6 percent. The latest improvement raised the SA index from 108.3 (2000=100) in June to 110 in July.
...
Compared with July 2009, SA tonnage climbed 7.4 percent, which matched June?s increase and was the eighth consecutive year-over-year gain. Year-to-date, tonnage is up 6.7 percent compared with the same period in 2009.

ATA Chief Economist Bob Costello said that July?s data didn?t change his outlook for subdued tonnage growth in the months ahead, stating, ?The economy is slowing and truck freight tonnage has essentially gone sideways since April 2010.?

This graph from the ATA shows the Truck Tonnage Index since Jan 2006 (no larger image).

This index has been moving sideways for several months ...

Full post as published by Calculated Risk on August 25, 2010 (boomark / email).