US truck tonnage declines in June (July 27, 2010)
ARLINGTON, Va. — For-hire truck tonnage in the US dropped 1.4% in June, marking the first back-to-back contractions since March and April 2009.
May’s tonnage was adjusted to a 0.1% decline, according to the American Trucking Associations.
Year-over-year, June tonnage was up 7.6% and May was 7.7% above the same month last year. Year-to-date, tonnage is up 6.6% compared to the same period in 2009.
ATA chief economist Bob Costello said the back-to-back declines reflect a slowing economy. However, thanks to declining industry capacity, even slow growth is beneficial, he pointed out.
“Due to supply tightness in the market, any tonnage growth feels significantly better for fleets than one might expect,” Costello noted.
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