4 Weeks Ago
|
 | Trucker Forum STAFF | | Last Seen: 1 Hour Ago 03.21 AM Member Since: Jul 2007
Trucker? Trucking Industry
Posts: 4,109
My Trucking Photos:
0
Thanks: 890
Thanked: 1,293 Times
| |
| Trucking remains weak, Fed says
Trucking remains weak, Fed says
Quote: In the latest Federal Reserve Beige Book report of national economic activity, transportation services activity generally declined, although Cleveland and Chicago reported some improvement.
The Chicago district reported trucking shipments increased, although activity remained low, according to the Fed. Cleveland’s contacts noted a slight rise in freight transport volume in recent weeks. The Cleveland office also noted that trucking companies planned substantial equipment purchases through the first quarter of 2010, the Fed said.
Atlanta reported weak transportation demand overall, while firms in the San Francisco district indicated trucking activity had declined, according to the Fed. Import demand in the Dallas district dropped, leading to reduced cargo volumes at intermodal firms, the Fed said. Activity in the Kansas City transportation sector was flat, according to the Beige Book report.
Based on information collected prior to Oct. 13, reports from the 12 Federal Reserve districts showed either stabilization or modest gains in many sectors often from depressed levels since the last report. The Fed releases eight Beige Book reports annually.
Trucking remains weak, Fed says | |
Similar Threads 
Linear Mode
