The Truck Tonnage Index measures the amount of freight trucks are moving across country each month. This index can directly be related to the economy. According to experts, trucking is the biggest means of freight transportation in the United States.
Freight trucks are transporting even more supplies, whether they be raw materials or finished productions, all over the country. When there is a decrease in this index that would mean an overall recession has been created. According to reports, there was an increase in the August levels of production and movement for truckers.
During a recession companies ship less things and the trucking industry is the first one affected. As of right now, truckers are seeing a steady flow of cargo which indicates that the economy is beginning to stabilize.
Freight factoring can be done in a variety of ways. To learn more about truck factoring,please contact TBS Factoring LLC by calling 800-207-7661 today.