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Truck tonnage continues to increase

Truck tonnage has risen at about a 4-5% annual rate for the past few years. Over the past six months (abstracting from the apparent distortion in the December data), truck tonnage is up at an annualized rate of just over 6%; no sign of any recession here—just continued moderate growth. As the top chart shows, truck tonnage and equity prices tend to move together, since both are tied to the health of the economy. Calculated Risk has the story in greater detail.

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