Page 14 - NTDA Market Outlook Q1 2024

www.ntda.org
14

U.S. Economic Snapshot

TRUCK TONNAGE INDEX
Truck Tonnage Index
125.0 American Trucking Associations’ advanced seasonally adjusted
For-Hire Truck Tonnage Index increased 4.3% in February after
120.0 decreasing 3.2% in January. In February, the index equaled
116.0 (2015=100) compared with 111.3 in January.
115.0
110.0 “After a very soft January, due in part to winter storms, truck
tonnage snapped back in February,” said ATA Chief Economist
105.0 Bob Costello. “February’s level was the highest in a year, yet
the index still contracted from a year earlier, suggesting truck
100.0
freight remains in a recession.”
95.0
January’s decrease was revised up from ATA’s Feb. 20, 2024
90.0 press release.
Jan Feb March April May June July Aug Sept Oct Nov Dec
2024 2023 2022 Vs. Baseline Compared with February 2023, the index fell 1.4%, which was
the twelfth straight year-over-year decline. In January, the
index was down 4.5% from a year earlier.
Source: American Trucking Associations (seasonally adjusted truck tonnage)
for the Long Haul

INDUSTRIAL PRODUCTION INDEX
Industrial Production Index
US Industrial Production Index is at a current level of 102.33, up
104.0
from 102.23 last month and down from 102.57 one year ago.
This is a change of 0.10% from last month and -0.23% from one
103.0
year ago.
102.0
101.0
100.0

99.0
98.0
Jan Feb March April May June July Aug Sept Oct Nov Dec
2024 2023 2022 Vs. Baseline

See us at NTDA Conference Booth XX

DorseyTrailer.net