ARLINGTON, VA — The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 0.2 percent in October, following a 0.3 percent contraction in September. The latest decline lowered the SA index to 103.6 (2000=100) from the revised 103.8 in September. The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 109.6 in October, up 1.6 percent from September.
Compared with October 2008, SA tonnage fell 5.2 percent, which was the best year-over-year showing since November 2008. In September, the index was down 7.3 percent from a year earlier.
On the top the index was roughtly 115.
So,we can see 12% drop in the transport requirement.
The Volvo sales droped by 50% compared to 2008,so we can expect an increase in the truck sales no later than the midle of 2010(if we consider 14-16% excess capacity on the peak)
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Manufacturers of construction equipment are being particularly hard hit by the current record prices of commodities, such as steel, oil, iron ore and rubber. We have a great industry though..
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