ATA For-Hire Truck Tonnage Index Fell 0.1% In November
(For November 2010)
The American Trucking Associations seasonally adjusted For-Hire Truck Tonnage Index fell 0.1% in November vs. 0.9% rise in October.
ATA Chief Economist Bob Costello said that he is not overly concerned with the small decrease in tonnage during November. “Tonnage increased for two consecutive months in September and October and I don’t expect volumes to rise every month. Additionally, the decrease in November is much smaller than the gains during the previous two months.” Costello said he expects truck freight tonnage to grow modestly during the first half of 2011 before accelerating in the later half of the year into 2012.
Chart 1. ATA For-Hire Truck Tonnage Index SA
