Tonnage down, despite increase in consumer confidence

| Wednesday, May 30, 2007

The total number of tons of freight moved by truck was down in April by a little more than 2 percent compared to March, according to a monthly survey by the American Trucking Association.

However, an ATA economist said in a press release that tonnage should increase in the months ahead, if a good economic forecast holds up.

Meanwhile, American consumers are expressing increased confidence in the economic outlook. The New York-based Conference Board says a survey of 5,000 homes this month found a higher-than-expected level of confidence.

High confidence bodes well for consumer spending, manufacturing and shipping.

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