Updated:
6/24/2011 9:15:00 AM
Durable goods orders rose 1.9% in May, the Commerce Department said Friday.
The increase followed a 2.7% slump in April that was less than the 3.6% drop originally reported.
The May gain compared with analysts’ forecasts of a 1.5% decrease, Bloomberg reported.
Orders excluding transportation equipment 0.6% in May following a 0.4% gain the previous month.
Durable goods include large items such as refrigerators and air conditioners. Trucking is a major beneficiary of durable goods manufacturing, hauling both components and finished goods.
© 2010, Transport Topics Publishing Group. All rights reserved.
RELATED ARTICLES
Tires, Equipment Inflate Industry Expenses After Two-Year Cost Lull, ATRI Study Says (6/27/2011 2:45:00 AM)
Durable Goods Orders Rise 1.9% in May (6/24/2011 9:15:00 AM)
May Truck Sales Surge 68% (6/20/2011 8:00:00 AM)
NAFC, ITLC Set Meeting Agendas for Phoenix Meeting (6/20/2011 4:30:00 AM)
Low Rolling Resistance Tires Gain Traction With Carriers Seeking to Save Fuel, Money (6/20/2011 3:15:00 AM)
Class 8 Truck Orders Soar (6/13/2011 7:00:00 AM)
LATEST NEWS
