FOR IMMEDIATE RELEASE
Contact: Sean McNally
February 21, 2017
ATA Truck Tonnage Index Increased 2.9% in January
Tonnage Index 2.6% Higher than January 2016
Arlington, Va. — American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire
Truck Tonnage Index rose 2.9% in January, following a 4.3% decrease during December. (December’s index
was revised up from our press release on January 24, 2017.) In January, the index equaled 138.8 (2000=100), up from
134.9 in December. The all-time high was
142.7 in February 2016.
Compared with January 2016,
the SA index increased 2.6%. In December, the index fell 0.2% on a year-over-year basis. For
all of 2016, tonnage was up 2.5%.
ATA recently revised the seasonally adjusted index back five
years as part of its annual revision.
The not seasonally adjusted index, which represents the
change in tonnage actually hauled by the fleets before any seasonal adjustment,
equaled 131.6 in January, which was 1.8% below the previous month (133.9).
“The freight economy is starting
to show some signs of life and January’s truck
tonnage numbers are a good step forward,” said ATA
Chief Economist Bob Costello. “Hopefully
the ups and downs in truck
tonnage during 2016 will not be as pronounced in 2017.
“Looking ahead, the most recent positive sign for
truck tonnage is the large drop in the
inventory-to-sales ratio during December. The decrease put inventories
throughout the supply chain, relative to sales, to the lowest level in two
years. There is no doubt that the inventory glut was a drag on truck freight volumes last year,” he said.
Trucking serves as a barometer of the U.S. economy, representing 70.1% of tonnage carried by all
modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled nearly
10.5 billion tons of freight in 2015. Motor carriers collected $726.4 billion, or 81.2% of total revenue earned by all
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 10th day of the
month. The report includes month-to-month and
year-over-year results, relevant economic comparisons and key financial
American Trucking Associations is the largest national trade association
for the trucking industry. Through a federation of 50 affiliated state trucking
associations and industry-related conferences and councils, ATA is the voice of
the industry America depends on most to move
our nation’s freight. Follow ATA on Twitter or on Facebook. Trucking
Moves America Forward