US truck tonnage makes modest gains in October

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 ARLINGTON, Va. — US for-hire truck tonnage rose modestly by 0.8% in October after increasing a revised 1.8% in September.  

Compared with October 2009, tonnage climbed 6.0%, which was better than September’s 5.3% year-over-year gain. Year-to-date, tonnage is up 6.1% compared with the same period in 2009, according to reports from the American Trucking Associations.    

ATA’s chief economist Bob Costello said that truck tonnage changes over the last couple months shows there are some bright spots in the US economy. “October tonnage levels were at the highest level in three months, even after accounting for typical seasonal shipping patterns. These gains fit with reports out of both the manufacturing and retail sectors and show there is a little bit of life in this economic recovery. “

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