US FED RELEASE REPORTS
Transportation service
firms said cargo and container volumes increased over the reporting period,
except for air cargo, which held steady. Railroad contacts reported a slight
increase in overall volumes, with notable increases in motor vehicles and
crushed stone. Container volumes were up strongly in May, and retail trade
continued to lead the growth in small parcel shipments, which increased in May
for the third consecutive month. Outlooks were generally less positive than at
the time of the last report.
Airline contacts noted a seasonal increase in
passenger demand over the past six weeks, with demand roughly in line with
year-ago levels. Firms expect demand to slow as the leisure travel period ends.
One contact expects 2013 to be about the same or slightly better than 2012,
while another has an uncertain outlook.
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