Truck Driving Schools Happy To Hear Of Positive Data

Truck Driving Schools at CR England are happy to hear of some positive economic data.

Last week Charirman of the Board, Dan England was quoted in the  Salt Lake Tribune
(click for the entire artice) in article about executives being somewhat upbeat on the economy. The article has other executives who are also positive.

Other recent economic data from the American Trucking Association (ATA) reported that truck tonnage fell a seasonally adjusted 2.2% in April, after plunging 4.5% in March. The positive story here is that the tonnage fell less. In this economy, a slower contraction has been viewed as a positive sign.

The tonnage has been trending down since the turn of the year. According to the Association of American Railroads weekly traffic report, rail freight traffic still remains extremely weak compared to the turn of the year.

The American Truckers Association chief economist, Bob Costello was quoted, speaking in a different light, in an article on Seeking Alpha. Costello said last week, “While most key economic indicators are decreasing at a slower rate, the year-over-year contractions in truck tonnage accelerated because businesses are right-sizing their inventories, which means fewer truck shipments…The absolute dollar value of inventories has fallen, but sales have decreased as much or more, which means that inventories are still too high for the current level of sales. Until this correction is complete, freight will be tough for motor carriers”.

The entire Seeking Alpha article is available at http://seekingalpha.com/article/141531-preview-from-europe-u-s-jobs-data-due-brown-reshuffles-the-deck