1. Economic & Industry Update March 8, 2011 Bob Costello Chief Economist & Vice President American Trucking Associations

2. Sources: Federal Reserve & ATA Manufacturing Output Seasonally Adjusted Level of Output; Index (2007=100) 2000-2013 Forecast (annual average) 4.7% 3.2% 3.8%

3. Sources: Census Bureau & ATA Retail Sales Seasonally Adjusted Annual Rates; Billions of Dollars 2000-2013 Forecast (annual average) Billions 3.5% 3.0% 2.6%

4. Sources: Bureau of Economic Analysis and ATA Wages Fell, but are Rising Again Private wages & salary disbursements; billions US$, annual rate

5. Sources: Federal Reserve and ATA Household Net Worth Millions 1980 – Q3: 2010

6. Sources: Federal Reserve and ATA Household Debt Service Ratio Percentage of Disposable Personal Income 1980 – Q3 2010

7. Sources: Census Bureau & ATA Housing Starts Seasonally Adjusted Annual Rates 2000-2013 Forecast (annual average) Millions 16% 61% 31%

8. Sources: Census Bureau and ATA Total Business Inventories-to-Sales Ratio (Includes retail, wholesale, and manufacturing; Through December 2010)

9. Sources: Department of Labor and ATA Retail Inflation Measures Seasonally Adjusted; Year-over-Year Percent Change Through January 2011 Inflation is not a near-term threat, but something to watch in the longer-run.

10. Sources: Federal Reserve and ATA Businesses are Cash Rich Percentage of Liquid Assets to Total Assets Liquid Assets Millions 1952 – Q3 2010

11. (Real GDP, Annual percent change, 2005 dollars) Real Gross Domestic Product Sources: IHS Global Insight and ATA 2008 – 2011 Long-run Average (3%) Annual GDP Numbers 2009:-2.6% 2010:+2.9% 2011:+3.2% 2012:+2.9%

13. Source: Wall Street Journal Oil Prices (WTI) Price Per Barrel

14. Source: Energy Information Administration On-Highway Diesel Prices Price Per Gallon

15. Sources: ATA, EIA, and Highway Statistics Industry Diesel Expense Forecasts are derived from EIA diesel price forecasts and ATA truck freight volume forecasts. Forecast Billions

16. Motor Carrier Trends Demand Demand

17. Source: ATA’s Monthly Truck Tonnage Report For-Hire Truck Tonnage Annual Percent Change Includes TL & LTL

18. Source: ATA’s Monthly Truck Tonnage Report ATA’s For-Hire Truck Tonnage Index Seasonally Adjusted; 2000 = 100 Through January2011

19. Source: ATA’s Trucking Activity Report For-Hire TL Loads Annual Percent Change

20. Source: ATA’s Trucking Activity Report ATA’s For-Hire TL Loads Index Seasonally Adjusted; 2000 = 100 Through December 2010

21. Source: ATA’s Trucking Activity Report Loads by TL Sector 2010 Compared with 2009

22. ATA’s For-Hire TL & LTL Revenue Indexes Seasonally Adjusted; 2000 = 100 Through December 2010 TL average Revenue/Mile Source: ATA’s Trucking Activity Report LTL average Revenue/Ton

23. Motor Carrier Trends Supply Capacity Additions or Replacements?

24. Sources: ACT Research & ATA U.S. Class 8 Trucks Average Age 1995-2010

25. Source: Wards U.S. Class 8 Truck Sales Monthly Retail Sales; Through January 2011 Annual Figures 2005:253k 2006:284k 2007:151k 2008:133k 2009: 95k 2010:106k 2011:111k (rate from Jan only)

26. Source: ATA Illustration: Trade Cycle of a 2005 OTR Tractor Normal Mileage vs Actual and Projected Mileage Trade Point: 550,000 Miles Normal Mileage: 115,000/Year Actual Mileage based on average miles per truck per year from fleet surveys. Projected Mileage: 100,000 in 2010 and 115,000 in 2011.

27. Sources: TMC, Motor Carrier Annual Reports, and ATA Maintenance Costs per Mile

28. Financing Required $45,000 Used Truck Value $50,000 New Truck Price $95,000 Financing Required $75,000 Used Truck Value $45,000 New Truck Price $120,000 Truck Purchase Decision This example is for illustration purposes only. Actual numbers may vary. 20062010

29. Source: Avondale Partners, LLC Trucking Failures Failures only includes fleets with at least five trucks

30. Source: ATA For-Hire TL Supply vs Demand 2005 = 100 Through December 2010 TL Loads Index TL Tractor Count Index Oversupply

31. Tires Regulations Equipment Fuel Driver Wages Cost Pressures from All Directions

32. Thanks!Questions?