Transportation Industry
Fed Gives Mixed Report on Trucking Activity
Transport Topics, July, 2007 by Anonymous
The Federal Reserve gave a generally positive assessment of the U.S. economy last week, with a mixed report on the health of trucking.
Trucking demand has firmed in recent weeks in the Richmond, Va., and Dallas regions, the Fed said in its so-called "Beige Book" report released July 25.
Cleveland had varied reports, while Atlanta and Chicago indicated a decline in activity, the report said.
In addition, small parcel shipping volumes were strong in Dallas, but rail freight volumes declined in Cleveland and Dallas.
Trucking firms generally have passed along higher fuel costs through surcharges, but have been unable to implement any other price increases, the report said.
Truck manufacturers reported strong demand from abroad, but U.S. orders remained...
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