U.S. transportation activity stalled from April to July as freight volume and rail cargo declined in several regions, the Federal Reserve reported.
Overall freight volume dropped in Cleveland, and reports from Chicago indicate a decline in demand for transportation services, the Fed said in its Beige Book report released July 13.
Rail cargo volume in the Atlanta and Dallas districts declined with the Cleveland, Atlanta and St. Louis regions citing the slowdown in the energy sector as contributing to low cargo volume, according to the Fed.
