What is ATA Truck Tonnage Index?

What is ATA Truck Tonnage Index?

The truck tonnage index is an index that measures the gross tonnage of freight which is transported by motor carriers in the United States for a given month.

How many registered carriers are there in the US?

According to the U.S. Department of Transportation, as of February 2021, the number of for-hire carriers on file with the Federal Motor Carrier Safety Administration totaled 996,894, private carriers totaled 813,440 and other* interstate motor carriers totaled 83,235.

What is the tonnage of a truck?

As a refresher, traditionally a ton is 2,000 pounds, meaning a half-ton truck would have a 1,000 pound payload, three-quarter tons are rated to 1,500 pounds, and one-ton trucks can carry 2,000 pounds of payload.

What state has the most owner operators?

1. North Dakota

Total Owner/Operator Jobs: 1,643
Location Quotient: 2.27 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

What is the Morgan Stanley freight index?

The Morgan Stanley Dry Van Freight Index is another measure of relative supply. The higher the index, the tighter the market conditions. According to the index, conditions have tightened as of late. This trend is in line with what we have seen across the other measures of relative supply.

Why are trucks classified tons?

It’s this cargo capacity that the whole “-ton” classification got started with. Back in the day, a one-ton truck had the ability to carry 2,000 pounds of cargo, a three-quarter ton truck could carry 1,500 pounds, and so on.

Are transports a leading indicator?

Freight transportation sector has been found to be a reliable leading economic indicator.

What state makes the most money in trucking?

North Dakota
Detailed List Of Truck Driver Salaries By State

Rank State Average Wage
1 North Dakota $53,720
2 Wyoming $49,210
3 Indiana $45,870
4 Illinois $46,970

What state is best for trucking?

Here are the best states for Truck Drivers in 2022:

  • Kentucky. Total Truck Driver Jobs: 6,466. Average Annual Salary: $72,287. Lowest 10 Percent Earn:
  • Indiana. Total Truck Driver Jobs: 9,598. Average Annual Salary: $71,429. Lowest 10 Percent Earn:
  • Ohio. Total Truck Driver Jobs: 15,146. Average Annual Salary: $70,880.
  • Pennsylvania.

What is Cass Freight Index?

The Cass Freight Index® measures overall North American freight volumes and expenditures. With over 9,000 subscribers, our monthly report is the source of insight into freight trends and how they relate to other supply chain indicators and the wider economy.

What is the Cass shipment index?

The Cass shipments index is a measure of the number of intra-continental freight shipments across North America, for everything from raw materials to finished goods. All domestic modes are included, with truckload moves accounting for more than 50% of shipments and LTL about 25%.