ATA Truck Tonnage Index Increased
1.6 Percent in November
ALEXANDRIA, Va.--(BUSINESS WIRE)--Dec.
28, 2004--The American Trucking Associations' (ATA)
advanced seasonally adjusted Truck Tonnage Index increased
1.6 percent to 160.0 (1993=100) in November, the national
association for the trucking industry reported today.
This increase followed a revised 0.1 percent decrease
Compared to November 2003, the
unadjusted index surged 12.1 percent. Year-to-date,
compared to the same eleven-month period in 2003, truck
tonnage was up a solid 6.5 percent.
"November's gain was the
largest month-to-month increase since April of this
year and put the tonnage index at its highest level
since June," said ATA Chief Economist Bob Costello.
"This increase placed the truck tonnage index at
its third highest level ever, behind April and June
of this year, and was the best November increase since
1994. We continue to remain optimistic about the truck
freight demand situation going into 2005," he said.
Trucks hauled 9.1 billion tons
of freight in 2003, or 68.9 percent of tonnage carried
by all modes of domestic freight transportation. Motor
carriers collected $610 billion dollars, or 86.9 percent
of total revenue earned by all transport modes.
ATA calculates the tonnage index
based on surveys from its membership and has been doing
so since the 1970s. This is a preliminary figure and
subject to change in the final report issued around
the seventh day of every month. The report includes
month-to-month and year-over-year results, relevant
economic comparisons, and key financial indicators.
The American Trucking Associations
is the largest national trade association for the trucking
industry. Through a federation of other trucking groups,
industry-related conferences, and its fifty affiliated
state trucking associations, ATA represents more than
37,000 members covering every type of motor carrier
in the United States.
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