Truck tonnage is on the upswing, says ATA
Truck tonnage increased 2.7% in November, the most recent month for which freight numbers were available, according to the American Trucking Associations (ATA).
The increase followed a .2% reduction in October 2009.
ATA Chief Economist Bob Costello says tonnage is moving in the right direction. "Slowly but surely, truck freight has started the recovery process and November's solid increase is a very position sign. Truck freight had been hurt by both slow economic output and bloated inventories. However, we now have evidence that inventories are in much better shape."