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Truck tonnage pegged to remain modest this year

Published Tuesday, January 26, 2010

Despite a two-month surge in trucking tonnage at the end of 2009, freight volumes are still predicted to be modest at best for most of 2010-- largely because consumer spending and business investment are predicted to remain sluggish through this year. “The robust tonnage numbers in November and December [last year] were aided by better economic growth as well as a positive inventory effect,” said Bob Costello, chief economist for the American Trucking Associations (ATA). “However, economic activity is expected to moderate in the current quarter, which will keep a lid on tonnage growth,” he ...

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