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[QUOTE]Originally posted by invester: [QB] $4.22 close, $4.50 high. Great news. Freight shipments rise in Feb. from month before Freight shipments rise in February, but trade group warns economic recovery still far off Wednesday March 25, 2009, 5:32 pm EDT Buzz up! Print Related:Arkansas Best Corp., CH Robinson Worldwide Inc., FedEx Corporation NEW YORK (AP) -- The trucking industry's main trade group said Wednesday goods shipped by trucks in the U.S. rose by 1.7 percent last month from a month earlier, but it underscored that the improvement doesn't mean the economy is on the mend. Related Quotes Symbol Price Change ABFS 21.76 +1.35 CHRW 47.74 +3.25 FDX 46.98 +3.71 JBHT 25.55 +2.26 KNX 15.97 +1.26 {"s" : "abfs,chrw,fdx,jbht,knx","k" : "c10,l10,p20,t10","o" : "","j" : ""} It marked the second consecutive monthly increase for the American Trucking Associations' seasonally adjusted tonnage index, which measures the weight of freight hauled by U.S. truckers based on membership surveys. Still, economist Bob Costello said this does not signal an economic recovery is on the way, noting the two-month improvement does not make up for a significant drop off in December. The index fell 7.8 percent that month. And compared with last year, freight shipments are still very bleak. Compared with February 2008, shipments shrank 9.2 percent. Trucking shipment data is often a gauge of overall economic health, because freight shipments pick up ahead of a larger economic recovery. Trucks carry more than two-thirds of all U.S. manufactured and retail goods. [/QB][/QUOTE]
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