The Lib Dems have also sought to defuse the grievances of hauliers by advocating cuts in vehicle excise duties on freight vehicles.

ECONOMIST: The Liberal Democrats

Automotive freight revenue primarily increased due to higher vehicle production, which has seen increases to meet pent up demand created by the high average vehicle age in the U.S. However, as individuals continue replace old vehicles, we might see growth in this segment moderate going forward since vehicles are not a commodity purchased by an individual customer on a recurring basis.

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