Truck tonnage drops for second month
Written by William C. Vantuono, Editor-in-ChiefAmerican Trucking Associations (ATA) Chief Economist Bob Costello says tuck tonnage has encountered a "slow patch."
He said ATA’s seasonally adjusted For-Hire Truck Tonnage Index decreased 2.3% in May after declining 0.6% in April. He said he remained optimistic that tonnage will improve in the second half.
The Bedford Report, which provides Market Research, noted that fuel costs have led many truckers to move loads to rail intermodal.