Larry Smith/Trans Pixs
The U.S. economy improved late last year, with trucking and transportation services showing gains, the Federal Reserve said.
“Transportation services were generally positive among the six districts that reported,” the Fed said in its latest “beige book” report on U.S. economic conditions released Wednesday. The Fed has 12 districts.
The overall economy was boosted by stronger home and automobile sales in the reporting period from mid-November through early January, the Fed said.
Atlanta reported a “notable gain” in truck tonnage in November compared with October, with reports suggesting that Superstorm Sandy affected both months’ readings. Railroad carload traffic in the region also improved, the report said.