![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
March Freight Dips * USA - First Decline Since October
Arlington,VA,USA -Transport Topics, by Rip Watson -May 5, 2008: -- A report that truck tonnage declined in March provided new evidence that the U.S. economy is still weak, amid more signs that manufacturing and consumer spending will generate less freight for trucking to move in months to come... American Trucking Associations’ seasonally adjusted tonnage index slipped 0.2% in March from a year earlier, ending a four-month string of gains; the 3.3% drop from February was the largest monthly contraction since August 2006... In a typical comment, Robert Weaver, president of P.A.M., said “results for the current quarter are humbling and are reflective of the continued economic weakness in truckload freight demand and upward volatility of fuel". The carrier announced a first-quarter loss of $2.83 million compared with a $1.26 million profit a year earlier... “We are still trying to find a bottom,” Avondale Partners LLC analyst Donald Broughton said. “It looks to me like the rate of deceleration in truck tonnage is slowing. Things are not getting worse at the same rate that they were throughout 2007 and early in 2008.”...
Labels: trucking statistics
posted by Unknown @ 12:38 PM
0 Comments:
Post a Comment
<< Home