The American Trucking Associations (ATA) reports that U.S. truck tonnage in October was down just 5.2% from October 2008, "the best year-to-year showing" since November 2008.
ATA Chief Economist Bob Costello said the improvement shows that the economic recovery is "still trying to gain balance. The trucking industry should not be alarmed by the small decreases in September and October. The economy is behaving as expected, with starts and stops,” he said, adding that despite "ups and downs" in coming months, the trend will be moderate improvement.
ATA calculates truck tonnage each month based on reports by its member companies.