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Freight up but outlook remains down

Published Monday, June 29, 2009

While for-hire freight tonnage took a healthy positive bounce in May, according to a widely watched industry index, it wasn’t enough to erase cumulative losses for the year – nor, to the minds of many experts, is the bounce an indication that better times for truckers have arrived. “I am hopeful that the worst is behind us, but I just don’t see anything on the economic horizon that suggests freight transportation is ready to explode,” noted Bob Costello, chief economist for the American Trucking Associations (ATA). Despite a 3.2% increase in the group’s seasonally ...

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