ARLINGTON, Va. — Truck tonnage in the US was up 0.8% in November, the American Trucking Associations (ATA) reports.
Its truck tonnage index grew 3.3% compared to a year earlier, marking only the second year-over-year increase in eight months. It is also the largest single gain since January, 2005. Year-to-date, however, truck tonnage was down 1.7% compared to 2006.
ATA economist Tavio Headley, explained the November reading suggests continued volatility and softness in freight volumes, despite the month-to-month and year-over-year gains. He noted that every monthly increase since March has been followed by a contraction the next month.
ATA remains confident the slowdown in US tonnage will continue into 2008.
“Based on the latest economic data and the expected slowdown in the economy over the next few quarters, we anticipate lackluster freight volumes at least through the first half of 2008,” Headley said.
ATA’s truck tonnage index is based on surveys from member carriers.
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