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TRUCK TONNAGE RISES IN AUGUST

Truck tonnage rose 1.7% in September according to the American Trucking Association.  On a year over year basis the index climbed 5.1%.  Tonnage is up 6.1% in 2010.   ATA Chief Economist Bob Costello says the data is consistent with a very weak economy:

“While I am glad to report that tonnage grew in September, the fact remains that truck freight volumes leveled off over the summer and early autumn. This is a reflection of an economy that is barely growing.”

Source: ATA

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