The total amount of freight hauled in the U.S. by trucks, trains and
planes took its biggest plunge in five years in August, according to the U.S.
Department of Transportation.
The DOT reported that freight volume dropped 3.2 percent from July to
The Houston Chronicle quoted industry analysts as saying the auto and housing industries are both
soft right now, and that last year, freight volume was artificially increased
by all the supplies hauled for Hurricane Katrina relief.
Donald Broughton, a transportation equity analyst with
A.G. Edwards and Sons, told Land Line
Magazine that freight demand was down 2.9 percent in August compared
to August 2005. He also pointed out that truck fleets have grown 2 to 3 percent
in the past 12 months, contributing to the soft freight prices in trucking.