ATA's For-Hire Truck Tonnage Index shrunk 0.9 percent in August but is still up
The Equipment Leasing & Finance Foundation's Monthly Confidence Index for the Equipment Finance Industry is 53.0, up from the August index of 50.2, reflecting increased optimism.
The index outpaced August 2011 volume by 8.4 percent, the sixth time in 2012 that volume has exceeded prior-year levels.
Economic activity in the manufacturing sector expanded in May for the 34th consecutive month.
Economic activity in the manufacturing sector expanded for the 33rd month, and the overall economy grew for the 35th consecutive month.
The monthly report, based on trucking data, serves as an indicator of the current state and possible future of the economy.
I predict some pickup in freight and rates in this fourth quarter, but the real upward climb will not begin until the second quarter of 2010.
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