The economy continued to expand from early July to late August but with little indication the pace of growth has changed, the Federal Reserve said.
Districts reporting on transportation services generally noted growth, with Cleveland, Atlanta, and Dallas reporting moderate to strong freight volumes, the Fed said in its Beige Book report released Sept. 3.
The Atlanta district reported trucking companies noted strong freight volumes, but driver shortages and tight trucking capacity continue to negatively affect business.
Dallas also said overall cargo volumes increased since the last report. Some construction-related manufacturers in that district reported a shortage of truck drivers, with one contact telling the Fed it is sponsoring commercial drive license training in an effort to fill necessary positions.