In The News
Fed sees weak transportation activity
The Federal Reserve Bank reported on Wednesday, Dec. 3, that the trucking business is expected to remain in a slump for at least the first three months of 2009.
In its so-called “beige book†report, the Fed says freight volumes have seen a slowdown because of fewer shipments of housing, auto, steel and consumer products.
Overall economic activity weakened across all Federal Reserve districts since the previous report.