Truck tonnage rose 2.1% last month, matching July's increase of the same magnitude, according to the American Trucking Associations (ATA). However, compared with August 2008, tonnage fell 7.5%.
"While I am optimistic that the worst is behind us," says ATA Chief Economist Bob Costello, "most economic indicators, including industrial output and household spending, suggest freight tonnage will exhibit moderate, and probably inconsistent, growth in the months ahead."
