Economic Watch: Construction Spending Up, Holiday Sales Start Off Slow
Construction spending in the U.S. posted its biggest increase in five months during October, according to a new Commerce Department report released Tuesday.
Construction spending in the U.S. posted its biggest increase in five months during October, according to a new Commerce Department report released Tuesday.
October construction spending was up 1.1% from September’s revised estimate and 3.3% higher than the same time a year ago. September was originally reported as falling 0.4% from the month before but was revised to a 0.1% decline.
For the first 10 months of the year, total construction spending is 5.8% higher than during the same time last year.
The overall hike was led by a 2.3% gain in public construction projects, including a 1.1% increase in highway building. A private construction gain of 0.6% included a 1.3% improvement in residential construction, its largest gain since last December.
Meantime, separate figures show holiday retail sales stumbled out of the starting block this year. Early indications suggest Black Friday spending was lackluster, with sales over the entire Thanksgiving weekend down 11% over the previous year.
According to IBM, Cyber Monday sales, while positive, fell short of expectations, rising just 8% compared to a projected gain of 13% to 15%.
With gasoline prices down markedly over the past few months leaving consumers with extra cash in their pockets, many retailers are scratching their head over the disappointing numbers. However, some analysts point out the reason may lie with retailers themselves.
This year many retailers started big sales well in advance of Black Friday that are continuing on through this week. Also consumers are reportedly using their mobile phones and other portable devices to find the best deals between brick and mortar stores and online retailers.
More Fleet Management

How Telematics Improves Visibility, Control, and Performance in Refrigerated Fleets
Explore how telematics help refrigerated fleets improve visibility, uptime, efficiency, compliance, and cargo protection across connected cold chain operations.
Read More →
What the U.S.-Canada Trade War Means for Trucking
Escalating U.S.-Canada tariffs could disrupt cross-border freight, reduce truck volumes, raise costs, and create new uncertainty for carriers on both sides of the border.
Read More →
What Are Trucking’s Top Concerns for 2026?
The American Transportation Research Institute wants to know what's worrying trucking fleet managers, drivers, and other stakeholders in its annual Industry Issues survey.
Read More →
American Trucking Associations Looks for a New Leader
ATA President and CEO Chris Spear abruptly left his job at the association on August 21, at a pivotal time for the trucking industry.
Read More →
Public Wi-Fi Cybersecurity Risks: How Truck Drivers and Fleets Can Protect Their Data
Public Wi-Fi can expose truck drivers and fleets to credential theft, malware, and other cyber threats. Here’s how to reduce the risk on the road.
Read More →
For Nicky Cupp, Fleet Innovation Starts With Frustration
HDT Truck Fleet Innovator Nicky Cupp turns everyday pain points at Fraley & Schilling into opportunities for better technology and smarter processes.
Read More →
Adam Buttgenbach’s Approach to Electric Trucks: Start With Where They Fit
HDT Truck Fleet Innovator Adam Buttgenbach helped PepsiCo build one of North America’s largest EV fleets by focusing on where electric trucks make operational sense.
Read More →
Deen Albert: Let Automation Do the Math, People Make the Decisions
HDT Truck Fleet Innovator Deen Albert makes sure people are still at the heart of operations at Grand Island Express, even while adopting artificial intelligence tools. AI-assisted dispatch helped boost revenue 25% with the same number of trucks.
Read More →Trimble’s New AI Agent Takes Aim at Fleet Back-Office Busywork
Arc Agent works across Trimble TMS products to automate repetitive tasks such as freight orders, maintenance, invoices, fuel costs and more.
Read More →
How HDT’s 2026 Truck Fleet Innovators Are Rethinking Fleet Operations
Meet five trucking leaders who are challenging assumptions, solving operational problems, and putting innovative ideas to work.
Read More →

