Durable goods orders rose 2.7% in January, the Commerce Department said Thursday.
Orders for capital equipment rose after a 0.4% drop in December, though orders excluding transportation equipment fell 3.6%, Commerce said.
Analysts had forecast a 2.8% increase in durables orders and a 0.5% increase excluding transportation, Bloomberg reported.
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.
Â© 2010, Transport Topics Publishing Group. All rights reserved.
Truck Tonnage Surges 8% (2/28/2011 4:00:00 AM)
Durable Goods Orders Grow in January (2/24/2011 9:15:00 AM)
Wholesale Inventories Rise 1% (2/10/2011 10:30:00 AM)
Factory Orders Gain in December (2/3/2011 10:15:00 AM)
December Truck Tonnage Grows 4.2% (1/31/2011 4:00:00 AM)
Durable Goods Orders Slip in December (1/27/2011 9:10:00 AM)
OTHER NEWS BRIEFS