Economic Watch: Federal Reserve Stays the Course in Final Bernanke Meeting
In one of his final moves as Federal Reserve Chairman, Ben Bernanke on Wednesday announced the central bank would continue trimming its monthly purchases of mortgage and Treasury securities that it recently started.

Federal Reserve Chairman Ben Bernanke
In one of his final moves as Federal Reserve Chairman, Ben Bernanke on Wednesday announced the central bank would continue trimming its monthly purchases of mortgage and Treasury securities that it recently started.

The Federal Open Market Committee voted in favor of tapering its bond buys from $85 million to $75 million per month, following their assessment of economic growth, noting activity had "picked up in recent months" although labor market indicators were seen as mixed.
“There was some speculation heading into today's meeting that the Fed would pause its tapering action in light of recent volatility in emerging markets. But…ahead of today's meeting, the Fed's focus is on the recovery in the U.S. economy and the improvement in the U.S. labor market, or at least the improvement perceived by committee members and the anticipation of further improvement,” said Sterne Agee chief economist Lindsey Piegza. “In last month's meeting minutes several committee members expressed concern about the declining, positive effect of quantitative easing and instead emphasized the potential risk of quantitative easing in terms of inciting financial market instability.”
She said, as a result, “the Fed had no reason not to continue its taper pathway nor maintain the moderate $10 billion pace of reductions.”
The just completed FOMC meeting is Bernanke’s final one, turning over the helm to Janet Yellen on Feb. 1 to preside over her first FOMC meeting in March.
“Although there are many similarities between Yellen and Bernanke, one difference may be a willingness to pause the tapering process,” said Piegza. “If, like December, January and February's employment reports fall short, Yellen is more inclined to call for a pause in tapering - not a reversal- but a pause. After all, Yellen was clear in her testimony before Congress that she supported more accommodation now to ensure the economy was on firmer footing for a stronger recovery down the road. In other words, Yellen may be less willing to continue to adjust policy based on expectations alone.”
More Fleet Management

Tight Trucking Capacity Pushes Rates Higher Even as Freight Volumes Fall
“Spot rates moving ahead of contract rates have historically signaled a tightening market, but we haven’t seen a capacity-driven market quite like this one,” said DAT's Dean Croke.
Read More →
Import Cargo’s Early Peak Season is Winding Down
There was an early start to peak season this year at the nation's gateway ports, as retailers brought in merchandise ahead of tariff changes in late July and responded to other supply chain uncertainties,
Read More →
Fewer Cargo Thefts, Bigger Losses: Criminals Target Higher-Value Loads
CargoNet says organized theft rings are stealing fewer shipments but choosing more valuable freight, including metals and technology, resulting in record losses.
Read More →
How Innovative Trucking Leaders Turn Change Into an Advantage
As the pace of change accelerates in trucking, the fleets that adapt best have more than the latest technology. They have cultures that embrace improvement.
Read More →
Freight Broker Bonds Just Got Harder to Get. Here's What That Means for Your Fleet.
When it gets harder for a freight broker to prove they are financially sound, the ones who cannot clear that bar get pushed out of the market. And those are exactly the brokers who used to leave motor carriers holding the bag.
Read More →
Long-Awaited Canadian Border Bridge to Open in Detroit
For trucking, the bridge opening should offer immediate improvements in efficiency and reliability, with new customs facilities, expanded inspection capacity, and direct freeway-to-freeway connections.
Read More →
Aurora Rolls Out Next Generation of Driverless Trucks for Commercial Freight
Aurora's latest autonomous trucks it's rolling out with International feature lower-cost hardware designed for a million miles as the company expands commercial driverless freight operations across the U.S. Sun Belt.
Read More →
Freight Tonnage Down, Rates up, as Lower Capacity Powers Trucking Recovery
The recovery from the freight recession continues to be driven by reduction in capacity rather than by increased demand.
Read More →
Think Your Trucking Fleet Isn't Using Much AI? Think Again
Shadow AI — the use of unauthorized artificial intelligence tools at work — is becoming increasingly common, putting sensitive company data at risk. Learn how trucking fleets can protect sensitive data while embracing AI.
Read More →
ArcBest Consolidates Brands, Cuts Workforce
The company will bring three business units under the ArcBest brand, eliminate about 2% of positions, and expects the changes to generate $40 million in annual savings.
Read More →
