US truck tonnage drop in November not a concern: ATA
Seasonally-adjusted US truck tonnage took a 0.1% hit in November,
according to the latest data from the American Trucking Associations.
In September and October, tonnage increased a total of 28%. The
not seasonally-adjusted index was down 3.7% in November.
Compared with November 2009, seasonally-adjusted tonnage was
up 3.9%, significantly lower than October’s 6% year-over-year increase,
the ATA noted. Year-to-date tonnage is up 5.9% compared
to the same period in 2009. “Tonnage increased for two consecutive
months in September and October and I don’t expect volumes to
rise every month,” said ATA chief economist Bob Costello.
“Additionally, the decrease in November is much smaller than the
gains during the previous two months.”
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