ATA For-Hire Truck Tonnage Index Rose 0.8% In October
(For October 2010)
The American Trucking Associations seasonally adjusted For-Hire Truck Tonnage Index rose 0.8% in October vs. 1.9% rise in September.
From the Press Release:
ATA Chief Economist Bob Costello said that truck tonnage changes over the last couple months shows there are some bright spots in the U.S. economy. “October tonnage levels were at the highest level in three months, even after accounting for typical seasonal shipping patterns. These gains fit with reports out of both the manufacturing and retail sectors and show there is a little bit of life in this economic recovery. ”
Chart 1. ATA For-Hire Truck Tonnage Index SA
