Truck News

News

US truck tonnage up slightly in October

ARLINGTON, Va. -- US truck tonnage rose 0.5% in October after rising a revised 1.5% in September, according to the most recent figures from the American Trucking Associations. September's increase was slightly less than the 1.6% gain the ATA...


ARLINGTON, Va. — US truck tonnage rose 0.5% in October after rising a revised 1.5% in September, according to the most recent figures from the American Trucking Associations. September’s increase was slightly less than the 1.6% gain the ATA previously reported.

Compared with October 2010, seasonally-adjusted tonnage was up 5.7%. In September, the tonnage index was 5.8% above a year earlier. October’s tonnage reading was just 4.4% below the index’s all-time high in January 2005.
 
“Tonnage readings continue to show that economy is growing and not sliding back into recession,” said ATA chief economist Bob Costello said. “Over the last two months, tonnage is up nearly 2% and is just shy of the recent high in January of this year.”  
Costello added that he expects freight and the economy to increase at a slower pace next year, but that truck tonnage can outpace GDP growth.
 
“Manufacturing output has been the primary reason why truck freight volumes are increasing more than GDP. The industrial sector should slow next year, but still grow more than GDP, which means truck tonnage can increase faster than GDP too,” he said.


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*