Transport Topics (November 25, 2020)

An episode of the Transport Topics podcast, hosted by Transport Topics, titled "Transport Topics (November 25, 2020)" was published on November 25, 2020 and runs 3 minutes.

November 25, 2020 ·3m · Transport Topics

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Summary

Truck tonnage in October declined a seasonally adjusted 8.7% when compared with year-ago levels, according to the American Trucking Associations index released yesterday. This marks the seventh consecutive month of year-over-year declines. When measured month-to-month, the ATA For-Hire Truck Tonnage Index decreased 6.3% after an increase of 5.7% in September. Still, analysts are holding off from sounding the alarm. ATA Chief Economist Bob Costello said, “While there are indications that the economy is losing momentum, I believe October’s tonnage softness was more of a seasonal issue during a pandemic than anything else.” Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episode Description

Truck tonnage in October declined a seasonally adjusted 8.7% when compared with year-ago levels, according to the American Trucking Associations index released yesterday. This marks the seventh consecutive month of year-over-year declines. When measured month-to-month, the ATA For-Hire Truck Tonnage Index decreased 6.3% after an increase of 5.7% in September. Still, analysts are holding off from sounding the alarm. ATA Chief Economist Bob Costello said, “While there are indications that the economy is losing momentum, I believe October’s tonnage softness was more of a seasonal issue during a pandemic than anything else.” Learn more about your ad choices. Visit podcastchoices.com/adchoices

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