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Truck tonnage continues to decline

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Truck tonnage fell 2.4% in June, according to the American Trucking Associations (ATA). Compared to June 2008, tonnage dropped 13.6%, which surpassed May's 11% year-over-year decline.

Don't expect much improvement in the months ahead, says ATA Chief Economist Bob Costello. "While I am hopeful that the worst is behind us. I just don't see anything on the economic horizon that suggests freight tonnage is about to rise significantly," he explains.

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