New orders for factory-made goods continue to disappoint, falling 0.4% in April from the month before and marking the eighth decline in the last nine months.
New orders for factory-made goods continue to disappoint, falling 0.4% in April from the month before and marking the eighth decline in the last nine months.
This follows a 2.2% increase in March from February, according to the U.S. Commerce Department report released Tuesday.
Ad Loading...
New orders to factories for long-lasting manufactured durable goods dropped 1% in April from March, the second decline out of the last three months. It was led by a 2.4% decline in transportation orders.
The level of shipments of manufactured goods was virtually unchanged in April compared to March’s gain of 0.5% from February.
Shipments of manufactured durable goods fell 0.2% in April, a decline from the 0.1% earlier reported by the Commerce Department. This is the third drop out of the last four months; March was the exception, with shipments up 1.5%.
The report also showed orders for non-defense capital goods excluding aircraft, seen as an indication of business confidence and spending plans, fell 0.3% in April, revised downward from a 1% gain in an earlier advance report. Shipments for these goods were also revised downward, showing only a 0.5% increase in April instead of the previously reported 0.8% gain.
Some analysts are blaming the report on a stronger U.S. dollar, which makes the cost of domestically produced goods more expensive overseas. In addition, lower oil prices have hurt demand for petroleum-related equipment.
Ad Loading...
The good news is, a separate report from Monday and a first look at manufacturing for May show conditions are getting better.
The Institute for Supply Management Purchasing Manager’s Index registered 52.8% for month, an increase of 1.3 percentage points over the April reading of 51.5%. The latest reading is the highest in three months. American Trucking Associations Chief Economist Bob Costello called this news “good for trucking" in his Twitter feed.
Mack Financial Services has introduced the Rolling Asset Program, offering physical damage insurance for all makes and models within a customer's fleet.
A new partnership brings free wireless ELD service plus load optimization and dispatch planning tools to fourth- and fifth-generation Freightliner Cascadia customers, with broader model availability planned through 2026.
This white paper examines how advanced commercial vehicle diagnostics can significantly reduce fleet downtime as heavy duty vehicles become more complex. It shows how Autel’s CV diagnostic tools enable in-house troubleshooting, preventive maintenance, and faster repairs, helping fleets cut emissions-related downtime, reduce dealer dependence, and improve overall vehicle uptime and operating costs.
The $283 million acquisition of FirstFleet makes Werner the fifth-largest dedicated carrier and pushes more than half of its revenue into contract freight.
B2X Rewards is a new, gamified rewards program aimed at driving deeper engagement across BBM’s digital platforms, newsletters, events, and TheFleetSource.com.
Cargo theft losses hit $725 million last year. In this HDT Talks Trucking Short Take video, Scott Cornell explains how a bill moving in Congress could bring federal tracking, enforcement, and prosecutions to help address the problem.