US truck tonnage up in September, but still lags 2006
ARLINGTON, Va. — Truck tonnage in the US was up 1.5% in September, but down 2.3% compared to a year earlier.
The American Trucking Associations (ATA) truck tonnage index is based on member fleet surveys. The September blip followed a 0.8% drop in August. Year-to-date, truck tonnage is 2.2% lower than the same time last year.
ATA chief economist Bob Costello said the latest figures show a continued softness in the US trucking industry, despite the fact the 1.5% gain was the largest monthly increase since February.
“Nearly all economic indicators suggest continued sluggishness for the trucking industry in the near term,” Costello said. September’s reading points to a lackluster 2007 fall freight season, which traditionally starts in mid- to late August and peaks in October. “We are sticking with our economic forecasts that point to below trend growth for the overall economy and truck tonnage.”
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.