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Fed Says - USA - Economy Holding Strong; Trucking Concerns Remain
Federal Reserve's latest “Beige Book” report
USA -TTNews -18 Jan 2006: -- The economy grew late last year... and trucking and shipping remained strong in many regions of the country, though the industry felt driver shortages and continued to be pinched by high fuel prices, the Federal Reserve said... The Fed’s latest “Beige Book” report, was prepared by Federal Reserve Bank of Cleveland and based on information collected in all Fed districts from Nov. 21 through Jan. 8... Trucking and shipping demand remained strong across the country, but companies were constrained by continuing driver shortages in the Atlanta, Cleveland, Chicago and Philadelphia districts, the Fed said... Despite fuel surcharges, industry officials in Cleveland, Dallas, and Atlanta noted that margins tightened because of fuel-price increases... Cleveland and Dallas reported plans for increased capital spending in the trucking industry... In the transportation equipment sector, reports that heavy truck production was characterized as improving in Chicago...
posted by Unknown @ 11:58 AM
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