Truck tonnage fell 3.6% in January, says ATA
Truck tonnage dropped 3.6% in January after a 6.2% surge in December, according to the American Trucking Associations (ATA).
"Tonnage levels have become even more volatile in recent months, fitting with the anecdotal reports from motor carriers," says ATA Chief Economist Bob Costello.
"January was not particularly good, which is highlighted by the tonnage index falling substantially from both December 2006 and January 2006.
"These reductions also fit with other economic data, including the purchasing managers’ index and manufacturing production," he adds.