Wednesday, December 21, 2011
U.S. trucking recovery slows to a crawl in November, index shows
The trade group’s truck tonnage index increased 0.3 percentage points last month after increasing a revised 0.4 percentage points in October. ATA’s advance, seasonally adjusted index of for-hire truck tonnage initially showed a 0.5 percentage point increase for that month.
The index now stands at 116.6, up from 116.3 in October. The year 2000 equals 100 on the index.
Despite the slow growth, the index was up 6 percentage points from November 2010, the highest year-to-year increase since June, when volumes were 6.5 percentage points higher than a year prior. For the year so far, tonnage is 5.4 percentage points ahead of the same point in 2010. Full Story.....