US truck tonnage dips in July

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ARLINGTON, Va. — US for-hire truck tonnage fell 1.3% in July after rising a revised 2.6% in June. June’s increase was slightly less than the 2.8% the American Trucking Associations reported on July 26.

Compared with July 2010, seasonally adjusted tonnage was up 3.9%. In June, the tonnage index was up 6.5% year-over-year.

“We had heard that freight weakened from a robust June, that that was true,” ATA Chief Economist Bob Costello said. Tonnage has fallen in three of the last four months on a sequential basis.

“Despite a solid June, our truck tonnage index fits with an economy that is growing very slowly,” Costello noted. “The good news is that tonnage continues to increase on a year-over-year basis, but it is likely that the rate of growth will moderate in the second half of the year.”

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