Truck Tonnage Index

AAA

DEFINITION of 'Truck Tonnage Index'

An index that measures the gross tonnage of freight that is transported by motor carriers for a given month. The truck tonnage index serves as an indicator of shipping activity in the U.S., and it can be used by analysts to help determine the state of the economy.

INVESTOPEDIA EXPLAINS 'Truck Tonnage Index'

The truck tonnage index was first introduced in 1973 by the American Trucking Association. The index is weighted proportionately to reflect the current composition of the trucking industry. There is a one-month lag between the time that the data is compiled and when it is reported.

RELATED TERMS
  1. Intermodal Freight

    Products and raw materials that are placed in a container that ...
  2. Freight Derivatives

    A financial instrument's value that is derived on the future ...
  3. Index

    A statistical measure of change in an economy or a securities ...
  4. Cost, Insurance and Freight - CIF

    A trade term requiring the seller to arrange for the carriage ...
  5. Back Up The Truck

    Slang that refers to the purchase of a large position in a stock ...
  6. Cost and Freight - CFR

    A trade term requiring the seller to arrange for the carriage ...
Related Articles
  1. Economics

    Iron Ore Market: Falling Into The Hands Of A Few

    The big iron ore mining companies have embarked on a drive to increase supply, reduce cost, and take market share.
  2. Chart Advisor

    Commodity Traders Are Using Momentum To Profit From These Stocks

    Active traders are drawn to momentum strategies. These momentum winners of 2015 are worth a trader's second look.
  3. Investing

    What Has Been Groupon’s Growth Strategy?

    Groupon established a strategy with efforts to become a broader force in the e-commerce world and to expand more strongly into international markets.
  4. Economics

    The Impact Of Ending The US Embargo On Cuba

    Many argue that ending the US embargo on Cuba will not only make US consumers happy, but also help the US economy and bring more freedoms to Cuba.
  5. Economics

    This Is A Small Country With Huge Potential to Grow

    Trinidad and Tobago's increased revenue and economic success have been primarily generated by its energy sector, but it still might be best to diversify.
  6. Investing

    Cost and Freight (CFR)

    Cost and freight, called CFR, is a trade term between a buyer and seller. CFR requires the seller to arrange for the transport of goods by sea to the required port. It also requires the seller ...
  7. Economics

    Afraid Of A New Financial Crisis?

    It may be time for the U.S. to adopt a model for financial companies that better deters risky financial behavior.
  8. Economics

    Axis and Allies: US And EU Sanctions Against North Korea

    A look at the sanctions imposed by United States and the European Union on North Korea, along with their effectiveness.
  9. Economics

    Canadian Dollar Continues To Drop, But Why?

    The Canadian dollar-US dollar exchange rate is positively related to oil prices partly due to crude oil's big share of Canada's total FX currency earnings.
  10. Chart Advisor

    Falling Copper Prices Will Drag These 2 Stocks Lower

    With copper trading near six year lows, many traders are starting to wonder whether the bottom and whether a reversal could be in the cards over the coming months.

You May Also Like

Hot Definitions
  1. Efficiency Ratio

    Ratios that are typically used to analyze how well a company uses its assets and liabilities internally. Efficiency Ratios ...
  2. Fixed Cost

    A cost that does not change with an increase or decrease in the amount of goods or services produced. Fixed costs are expenses ...
  3. Subsidy

    A benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy ...
  4. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
  5. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  6. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
Trading Center