The index reflects the broader trend of productivity growth in the U.S. economy that has driven prices lower on goods while allowing prices for services to rise modestly,

Falling investment and poor productivity threaten Britain's long-term economic growth and competitiveness in the new global economy.

Trucking is incongruous with what we've come to expect with the blue-collar economy these days. Productivity improvements mean that other industries are scaling down whereas it still takes one driver per truck to move goods, and there is little way around that. What's more, other industries can outsource, but trucking can't.

This is a new paradigm. The fact that we have higher productivity has allowed the U.S. economy to grow more and grow more rapidly without triggering the usual inflation pressures.

Productivity and the growth of productivity must be the first economic consideration at all times, not the last. That is the source of technological innovation, jobs, and wealth.

We continue to believe that the underlying drivers of productivity growth are turning less favorable,