The Commerce Department said today that orders and shipments of durable goods rose more than expected in December, which is good news for trucking.
The government said orders for durable goods, which are items intended to last three years or more, rose 2.0% to $176.4 billion in December after a revised 6.0% decline in November. Shipments, a barometer of current demand, rose by a solid 0.5% in December, after falling by 0.4%.
Many analysts had predicted a 1.5% increase in December's orders
Today's report showed that orders for transportation equipment rose by 3.5% in December, after a 20% drop the month before. Excluding the transportation category, durable-goods orders increased by a solid 1.4% in December, the third consecutive monthly gain.
For all of 2001, the department said durable-goods orders fell by a record 13.2%, the worst showing since the government began keeping records using the current classification system in 1992. In 2000, orders rose by 6.7%.