Freight 6.1 percent ahead of 2009
Truck tonnage rose from September to October, the American Trucking Associations says. The measurement also rose when adjusted for seasonal factors. Both increases were less than 1 percent.
Year-to-date through October, seasonally adjusted tonnage is up 6.1 percent compared with the same period in 2009.
“October tonnage levels were at the highest level in three months, even after accounting for typical seasonal shipping patterns,” says ATA Chief Economist Bob Costello. “These gains fit with reports out of both the manufacturing and retail sectors and show there is a little bit of life in this economic recovery.”
One insurance rep cites a likely 25 percent increase in premiums for ...