Saturday, September 26, 2009

US Trucking Enjoys Second Month of Growth

‘Optimistic’ - ATA
Shipping News Feature

USA - The American truck haulage industry has recorded a second month in tonnage growth in August which has prompted industry watchers to predict that the worst of the recession has passed.

In figures released Friday the American Trucking Association (ATA), which represents more than 37,000 U.S. motor carriers, said that its advance, seasonally adjusted, for-hire truck tonnage index rose 2.1 percent in August, after rising the same amount in July.

In a press release the ATA’s Chief Economist, Bob Costello, said: “The gains in tonnage during July and August reflect a growing economy and less of an overhang in inventories.”

However, he warned that though the ATA believe the improvement will continue in the future it will be at a reduced level from July / August's growth, adding:

“While I am optimistic that the worst is behind us, most economic indicators, including industrial output and household spending, suggest freight tonnage will exhibit moderate, and probably inconsistent, growth in the months ahead.”