Tonnage Index jumps in November
Dec 30, 2005 11:07 AM
The American Trucking Associationsí (ATA) advanced seasonally adjusted for-hire Truck Tonnage Index jumped 1.9 percent in November, marking its third consecutive monthly increase.
The latest boost follows gains of 0.3 percent in September and October, respectively, according to ATA.
Novemberís rise denotes the first time the index increased in three successive months since the February through April 2004 period. On a seasonally adjusted basis, the tonnage index rose to 116.4 from 114.2 in October.
The November tonnage index stood 2.2 percent higher than a year earlier, representing the largest year-over-year gain since March 2005.
Year-to-date, the truck tonnage index increased 2.0 percent compared with the same period in 2004. On a not-seasonally adjusted basis, the tonnage index fell 2.2 percent from October to 115.0.
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