Wednesday, June 20, 2012

U.S. freight levels decline for second month

For the second month in a row, U.S. freight levels slowed, declining 0.7 percent in May compared with April, according to new data from the American Trucking Associations.

The ATA’s seasonally adjusted index of for-hire truck tonnage fell 1.1 percent in April. The index now stands at 117.8, down from April’s 118.7. The year 2000 equals 100 on the index.

“Two straight months of contractions is disappointing,” ATA Chief Economist Bob Costello said in a release, noting that the drops reflect the slowing broader economy.

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