Trucking news and briefs for Monday, Nov. 28, 2022:
Despite the big monthly decrease, tonnage is still up 2.8% over October 2021.
“For-hire truck tonnage saw the largest single monthly decrease in October since the start of the pandemic,” said ATA Chief Economist Bob Costello. “The decrease fits with the anecdotal reports of a muted fall freight season. It also coincides with a slowing economy. Housing is a weak spot in freight in addition to a slowing in personal consumption of goods. While factory-related freight is holding up better than other areas, it is also decelerating.”
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