ATA’s truck tonnage index increased 1.6% in September which is comparatively higher than August.
ATA Chief Economist Bob Costello says that "Tonnage may show that we are in a weak growth period for the economy but not on our way to recession."
He also added up by saying "Prior to the two previous recessions, truck tonnage was plummeting, but not this time".
When comparing this ratio with September 2010, the index was up 6 percent in approx. Trucking holds 67.2 percent of tonnage in U.S for all sort of domestic freight transportation.
In the year 2010, trucks shipped around 9 billion tons of freight and earned $563.4 billion which yields more than 81 percent of the total revenue for all modes of transportation.
Labels: Trucking industry in U.S