ATA Truck Tonnage Index increased 1.6% in September

The American Trucking Associations‘ seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.6% in September after falling a revised 0.5% in August 2011 (see Ti Dashboard – Road Freight Output: US). August’s decrease was more than the 0.2% drop ATA reported on September 27, 2011. The latest gain put the SA index at 115.8 (2000=100) in September, up from the August level of 114.

Compared with September 2010, SA tonnage was up a solid 5.9%. In August, the tonnage index was 4.9% above a year earlier.

"I continue to believe the economy will skirt another recession because truck tonnage isn’t showing signs that we are in a recession," ATA Chief Economist Bob Costello said. "Tonnage is suggesting that we are in a weak growth period for the economy, but not a recession."

Costello also noted that the third quarter average exhibited signs of small gains for the broader economy, not contraction. "In the third quarter, tonnage was up 0.4% from the second quarter. Prior to the two previous recessions truck tonnage was plummeting, but not this time."

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