Economy Shows Moderate Growth, Fed Says


2/29/2012 3:30:00 PM
Write a Letter to the Editor



Print This
 

The U.S. economy expanded at a “modest to moderate pace� in January and early February as factories boosted production, while transportation service showed mixed results, the Federal Reserve said Wednesday.

“Manufacturing continued to expand at a steady pace across the nation,� with several districts showing gains, particularly in auto-related industries, the Fed said in its “beige book� report, which it issues eight times a year.

Five of the Fed’s 12 districts reported moderate growth, up from two in the previous beige book report.

Freight demand improved over the previous month, one trucking executive in the Fed’s Richmond district said.

An aging fleet of heavy trucks and machinery and tightening emission standards for such equipment were noted as reasons for likely continued demand strength in 2012, the Fed’s Chicago district reported.

Transportation activity in the Kansas City district slowed but was expected to improve in the months ahead, though trucking firms remained concerned about high fuel costs and a lack of qualified drivers.

Railroads in the Dallas district noted a broad-based increase in shipments, with particularly strong growth in petroleum, motor vehicles and equipment.

Wednesday’s report, which covered the period of Dec. 31 through Feb. 17, was prepared by the St. Louis Fed.

Follow Transport Topics on RSS Twitter Facebook


 Print This
 


© 2012, Transport Topics Publishing Group. All rights reserved.

 

 

RELATED ARTICLES

Economy, Transport Services Show Modest Growth, Fed Says (1/11/2012 3:45:00 PM)
Economy Shows Modest Growth, Fed Says (11/30/2011 3:00:00 PM)
Economy Shows Mixed Activity, Fed Says (10/19/2011 3:30:00 PM)
Economy Shows Mixed Activity, Fed Says (9/7/2011 3:30:00 PM)
Freight Tonnage Jumps 6.8% in June (8/1/2011 8:00:00 AM)
Economy, Transport Services Shows Mixed Activity, Fed Says (7/27/2011 3:00:00 PM)
 

JOIN OUR NEWSLETTER
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.