THE American Trucking Association's (ATA) advanced seasonally adjusted For-Hire Truck Tonnage Index increased 0.4 per cent in October, reports the American Journal of Transportation.
The index rose 2.2 per cent in September, while it equaled 113 (2015=100) in October compared with 112.6 in September.
'October's gain was the third straight totalling 2.9 per cent,' said ata economist Bob Costello.
'The combination of solid retail sales, inventory rebuilding, and generally higher factory output offset some areas of softer freight growth, like home construction, in October,' said Mr Costello.
'Economic growth remains on solid footing, which is good for truck freight volumes going forward. The largest problem for the industry isn't the amount of demand, but making sure we have adequate supply. It is good to see that fleets were able to haul more tonnage in recent months in the face of constrained supply,' said Mr Costello.
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The index rose 2.2 per cent in September, while it equaled 113 (2015=100) in October compared with 112.6 in September.
'October's gain was the third straight totalling 2.9 per cent,' said ata economist Bob Costello.
'The combination of solid retail sales, inventory rebuilding, and generally higher factory output offset some areas of softer freight growth, like home construction, in October,' said Mr Costello.
'Economic growth remains on solid footing, which is good for truck freight volumes going forward. The largest problem for the industry isn't the amount of demand, but making sure we have adequate supply. It is good to see that fleets were able to haul more tonnage in recent months in the face of constrained supply,' said Mr Costello.
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