Despite a dip in TL tonnage this April due to continued sluggishness in the overall U.S. economy, broad confidence remains in the economic direction of the nation, according to corporate surveys and public opinion polls.
The monthly for-hire truck tonnage index compiled by the American Trucking Associations (ATA) fell 0.2% in April after rising 0.9% in March – a decline tied to a 0.4% drop in factory output and a 16.5% plunge in housing starts, noted Bob Costello, the trade group’s chief economist....
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