Truck tonnage rises for first time since February
Truck tonnage rose last month for the first time since February 2009, according to the American Trucking Associations' (ATA) seasonally adjusted For-Hire Truck Tonnage Index.
Tonnage increased by 3.2% last month.
ATA Chief Economist Bob Costello says the improvement "was encouraging," but also cautioned that tonnage is not expected to surge anytime soon.
"I'm hopeful that the worst is behind us, but I don't see anything on the economic horizon that suggests freight transportation is ready to explode. The consumer is still facing too many headwinds, including employment losses, tight credit, rising fuel prices and falling home values, to name a few."