US truck tonnage fell in October, but the decrease represented the smallest drop this year, according to the American Trucking Associations (ATA).
The ATA advance seasonally adjusted Truck Tonnage Index declined by 0.2 per cent in October to 103.6 following a revised 0.3 per cent contraction in September to 103.8.
Compared with October 2008, seasonally adjusted tonnage declined 5.2 per cent, which was the best year on year result since November 2008, an ATA statement said. In September, the index was down 7.3 per cent from a year earlier.
"The trucking industry should not be alarmed by the small decreases in September and October," said Bob Costello, ATA chief economist. "The economy is behaving as expected, with starts and stops. This is being reflected in truck tonnage, as well as most economic indicators."