US truck tonnage rises slightly in July
ARLINGTON, Va. — US truck tonnage rose 1.5% in July, according to the latest figures from the American Trucking Associations (ATA).
The tonnage index was 7.4% better than July 2009, the ATA reports, and was the eighth consecutive month of year-over-year gains.
Tonnage is up 6.7% year-to-date over the same period in 2009.
The latest data did not surprise ATA’s chief economist, Bob Costello.
“The economy is slowing and truck freight tonnage has essentially gone sideways since April 2010,” he said. However, Costello believes that tonnage will post moderate gains, on average, for the second half of the year. “After accounting for the reduction in supply over the last few years, even small gains in tonnage will have a larger impact on the industry than in past.”
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