ATA Truck Tonnage Index Edges up 0.5% in June.ALEXANDRIA, Va. -- The American Trucking Associations' (ATA (1) (AT Attachment) The specification for IDE drives. See IDE. (2) See analog telephone adapter. ATA - Advanced Technology Attachment ) advanced seasonally adjusted Seasonally adjusted Mathematically adjusted by moderating a macroeconomic indicator (e.g., oil prices/imports) so that relative comparisons can be drawn from month to month all year. Truck Tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. Index rose 0.5 percent to 160.3 (1993=100) in June, the national association for the trucking industry reported today. This followed a revised 1.5 percent reduction in May. From May to June, the unadjusted index rose a solid 7.0 percent. June is typically a strong month, which is why the seasonally adjusted index improved only slightly despite the big jump in the unadjusted figure. Compared to June 2003, the unadjusted index surged 11.1 percent. This was the second largest year-over-year increase in a year and a half, with the biggest witnessed in March 2004, 13.0 percent. "June's data shows that the trucking industry continues to deliver a robustly growing economy," said ATA Chief Economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the Bob Costello. "Even more impressive than the month-to-month month-to-month adj. referring to a tenancy in which the tenant pays monthly rent and has no lease, and the tenancy can be terminated by the landlord at any time on thirty-days notice. (See: tenancy, landlord and tenant) increase is the strength from May 2003. And year-to-date, for the first half of 2004, compared to the same six-month period in 2003, truck tonnage grew an impressive 7.2 percent, after increasing just 3.0 percent for all of 2003." Costello said he "remains bullish Bullish Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook. bullish " on truck freight volumes for the rest of this year. Trucks hauled 9.0 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . |
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