According to American Trucking Association’s index truck tonnage climbed 5.9% in September. This should be a good sign for any of you wondering about the recession and the current economy. Interestingly enough this is the 22nd year with an increase that began in December 2009.
“I continue to believe the economy will skirt another recession because truck tonnage isn’t showing signs that we are in a recession,” said Bob Costello the ATA Chief Economist. “Tonnage is suggesting that we are in a weak growth period for the economy, but not a recession.” This could also signal some gains in the 3rd quarter coming this year.
As always, we keep our freight bill factoring ready for you to keep you rolling with good, hard cash.