Economic Watch: Durable Goods Shipments and Orders Gain in 2013, Consumer Confidence Increasing
Shipments and new orders for manufactured durable goods in the U.S. ended 2013 on a down note, but each were up for the year, according to a new U.S. Commerce Department report released Tuesday.
Shipments and new orders for manufactured durable goods in the U.S. ended 2013 on a down note, but each were up for the year, according to a new U.S. Commerce Department report released Tuesday.
Shipments in December fell 1.9% from the month before, following four straight monthly increases. It was led by a drop in transportation shipments, falling 5.7% during the same time, also down following four consecutive monthly gains.
New order during December fell for the second out of the past three months, down 4.3% from November’s hike of 2.6% and the largest decline since July. The falloff was also led by a decline in the transportation sector, with new transportation orders falling 9.5%. Excluding transportation orders, new orders decreased 1.6%.
Despite the monthly declines, shipments of manufactured durable goods for all of 2013 were 3.4% greater than in 2012 while new orders gained 4.9% during the same time
“Heading into the end of the year, November's rise in business spending increased expectations that businesses were increasingly optimistic about growth prospects heading into the New Year. December’s decline, while not completely negating this positive sentiment, leaves the underlying trend incorporate spending directionless,” said Lindsey Piegza, chief economist at the investment firm Sterne Agee. “Clearly, businesses remain cautiously optimistic at best regarding the state of the U.S. economy and the U.S. consumer amid a still tepid job, and more importantly, stagnant income growth environment.”
Meantime, a separate report from the private research group The Conference Board shows its Consumer Confidence Index, which had rebounded in December, increased again in January. The index now stands at 80.7, up from 77.5 in December.
Consumers’ assessment of the present situation continues to improve, with both business conditions and the job market rated more favorably,” said Lynn Franco, director of economic indicators at The Conference Board. “Looking ahead six months, consumers expect the economy and their earnings to improve, but were somewhat mixed regarding the outlook for jobs. All in all, confidence appears to be back on track and rising expectations suggest the economy may pick up some momentum in the months ahead.”
More Fleet Management

What Will ATA’s New Leader Bring to Trucking's Table?
Incoming President and CEO Mark Colson’s record in Alabama offers clues about his priorities and approach following Chris Spear’s abrupt departure as the head of the American Trucking Associations.
Read More →
Volvo, Waabi Start Commercial Autonomous Operations in Texas
Volvo VNL Autonomous trucks, powered by the Waabi Driver, are hauling freight directly to third-party facilities for a customer in Texas.
Read More →
Samsara Launches Custom AI Agent Builder
Agent Studio lets fleets create AI tools for hours-of-service monitoring, reporting and driver support, including agents that communicate by phone.
Read More →
Einride Driverless Electric Trucks Begin Daily Freight Operations in Ohio
Two cabless electric trucks are hauling freight between EASE Logistics facilities in Marysville, Ohio, as part of a multi-state truck automation project.
Read More →
Geotab Links Fleet Card to Vehicle Data
The new card combines fuel discounts with telematics-based purchase controls. Geotab’s analysis also points to potential savings from choosing lower-priced fuel stops.
Read More →
How MFA Helps Protect Trucking Fleets
Multi-factor authentication adds protection when passwords are stolen. Here’s how it works and where fleets should start.
Read More →
How Better Freight Data Helps Trucking Teams Get Ahead of Disruption
Trucking and logistics teams have plenty of data. The problem is getting the right information in front of the right people soon enough to act. Better-connected data can help teams spot trouble earlier and make smarter decisions before small problems become big ones.
Read More →
Trimble: Taking Artificial Intelligence in Trucking Beyond Faster Tasks
At Insight 2026, Trimble executives argued that fleets may need to redesign workflows to get more from AI as it introduced new products and enhancements. AI’s value will depend on how fleets combine automation with their people's knowledge.
Read More →
Build a bulletproof fleet: Uniting ELDs and dash cams for total compliance
An ELD can prove compliance, but it cannot always prove what happened on the road. Discover how uniting accurate ELD data with AI-powered dash cam video can help your fleet strengthen compliance, defend against liability, protect drivers and reduce operational costs.
Read More →
Nominations Open for HDT Emerging Leaders
Heavy Duty Trucking is looking for accomplished trucking fleet professionals under 40 who are making an impact and helping lead the industry forward.
Read More →
