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Freight may be looking up

Published Thursday, August 27, 2009

A mild “bounce” in the American Trucking Associations’ (ATA) For-Hire Truck Tonnage Index is just one indication that the freight market may have indeed reached bottom and is now poised to recover in the second half this year. Any such recovery, however, is projected to be mild at best. The ATA’s tonnage index rose 2.1% in July after falling 2.4% in June. Compared with July 2008, tonnage is off 10.4%. That is the narrowest year-over-year gap between 2008 and 2009 volumes since February this year, noted Bob Costello, the group’s chief economist. “It is not ...

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