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STATISTICS * USA - Fed ‘Beige Book’ Cites Continuing Economic Sluggishness
U.S. economic activity, including trucking and freight transportation, was sluggish in July and August, according to a Federal Reserve report
Washington,DC,USA -Transport Topics -3 Sept 2008: -- The Fed surveyed its 12 regional districts in its “beige book” report, saying that the Boston, Cleveland, Atlanta and Dallas regions all noted falling demand for freight and transportation services, and that firms in those industries reported higher fuel costs negatively affecting their margins... In the Cleveland district, trucking industry hiring was limited to driver turnover, and any wage increases fell within industry norms, the Fed said... One real estate contact in Greensboro, N.C., reported moderate sales activity and was hopeful that business would pick up when a “large trucking firm moves its headquarters to the area in the coming months,” apparently referring to the recently announced impending move of Mack Trucks’ headquarters to Greensboro, from Allentown, Pa...
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