4 replies to this topic

[nimblebear]

Truck Tonnage One of the arguments that inflationists have long posed is as follows: Consumers will always be willing to borrow and banks will always be willing to lend. We now have the second crack (one from each side) that suggests both ideas may be false. Here is a third factor to consider. The American Trucking Association (ATA) is reporting Truck Tonnage Index Plummeted 3.6 percent in November. Wednesday, Dec. 27, 2006 The American Trucking Associations' advanced seasonally adjusted for-hire Truck Tonnage Index plunged 3.6 percent in November after falling 1.9 percent in October. "November 2006 marked the single worst month for for-hire truck tonnage since the last recession," said ATA Chief Economist Bob Costello. "Both the month-to-month and year-over-year decreases indicate that the economic slowdown is in full gear. The most troubling number is the 8.8 percent contraction from November 2005, despite the fact that year-over-year comparisons are difficult due to the very robust volumes during the same month last year. One month certainly doesn't make a trend, but if we continue to see year-over-year reductions of similar magnitudes in the next couple of months, it could indicate a greater economic slowdown than economists are projecting at this point." Trucking serves as a barometer of the U.S. economy because it represents nearly 70 percent of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. from Safehaven

[no_mind]

Here's the chart to go along with that report.

[selecto]

Probably less of this to be hauled.

[nimblebear]

Here's the chart to go along with that report.

Thanks for chart.

[spielchekr]

Probably less of this to be hauled.

If it's just a lumber issue, wouldn't rails be feeling more impact than this compared to truckers?

Stands to reason to me, but I'm no transpo expert.

http://stockcharts.com/c-sc/sc?s=$DJUSRR&p=D&yr=5&mn=0&dy=0&i=t09507261190&r=6586.png