ARLINGTON, Va. — American Trucking Associations (ATA) Chief Economist Bob Costello will appear live on CNBC’s “Street Signs” program with Erin Burnett today at 2 p.m. to discuss the economic outlook of the trucking industry. Costello also plans to discuss expected driver shortages in the industry as freight levels rebound from the recession.
The American Trucking Associations’ advance seasonally adjusted For-Hire Truck Tonnage Index jumped 3.1 percent in January, following a revised 1.3 percent increase in December 2009. Compared with January 2009, seasonally adjusted tonnage surged 5.7 percent, which was the best year-over-year reading since January 2005 and the second consecutive increase.
ATA’s February Tonnage report will be released to the media today at 3 p.m.
Costello manages ATA's collection, analysis and dissemination of trucking economic information. This includes several monthly trucking economic indicators, motor carrier financial and operating data, an annual freight transportation forecast, driver wage studies, weekly diesel fuel price and economic reports, and a yearly trucking almanac. Costello also conducts economic analyses of proposed regulations and legislation affecting the trucking industry.
Kevin Jones of The Trucker staff can be reached for comment at email@example.com.