Traffic Volume: Largest 6-Month Increase in 5 Yrs.
The chart below displays traffic volume as a moving 12-month total, showing a similar pattern to the percentage monthly increase above. After falling for 16 straight months from December 2007 to March 2009, the moving 12-month total has increased six out of the last eight months, and the June-November increase marks the largest 6-month increase in traffic volume (12-month total) since the summer of 2007. In a related report, "the American Trucking Associations’ Truck Tonnage Index (seasonally adjusted) increased 2.7% in November, following a 0.2% contraction in October. The latest gain boosted the index from 103.6 (2000=100) in October to 106.4, its highest level in a year (see chart below). Compared with November 2008, SA tonnage fell 3.5 percent, which was the best year-over-year showing in twelve months. In October, the index was down 5.2 percent from a year earlier."
MP: Two more positive signs that a V-shaped economic recovery is underway.
Update: Chart below shows that gas prices were generally increasing over the last six months, so the increased traffic volume happened in spite of rising fuel costs.