Trucking Index Down in August, but Still Up Year-Over-Year
The American Trucking Associations' seasonally adjusted For-Hire Truck Tonnage Index contracted 0.9% in August after increasing 0.4% in July, it said. The drop in August, while not erasing the cumulative 1.5% gain in June and July, was significant, the ATA…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
said. But, compared with August 2011, the SA index was 3.2% higher in August 2012. Year-to-date, compared with the same period last year, tonnage was up 3.7%, ATA said. "Expect tough year-over-year comparisons to continue through the rest of the year as tonnage grew nicely during the last five months of 2011," ATA Chief Economist Bob Costello said. As a result, tonnage is expected to increase less than 3.5% in 2012.