Transportation activity was steady to somewhat higher across the nation from the end of last year to mid-February, according to a Federal Reserve report.
The Richmond region reported recent softer demand and in the New York area transportation industries reported more modest improvement but remain widely optimistic about future business conditions, the Fed said in its Beige Book report, released March 1.
Executives at trucking firms in the Richmond District told Federal Reserve officials that demand for freight hauling services was somewhat softer in recent weeks, but one contact noted that expectations were for an improvement in the second half of the year.
