The news service referred to 2 trucking indices which rose in April. The for-hire truck-tonnage index gained 2.8% in April from a year earlier, up from 0.2 percent the prior month, marking 29 months of growth. The economy has never contracted without tonnage turning negative first, so the truck figures are a leading indicator, providing the “first signal” of a slump, explain analysts. Another index, the index of U.S. truck loadings, that tracks the movement of goods between manufacturers and consumers, increased 3% and reached the highest level since 2008.
"Rising truck shipments show that the U.S. economic expansion is intact", commented Bloomberg.