Economic Watch: Factory Orders Drop Again
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.
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.
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.
More Fleet Management

How Innovative Trucking Leaders Turn Change Into an Advantage
As the pace of change accelerates in trucking, the fleets that adapt best have more than the latest technology. They have cultures that embrace improvement.
Read More →
Freight Broker Bonds Just Got Harder to Get. Here's What That Means for Your Fleet.
When it gets harder for a freight broker to prove they are financially sound, the ones who cannot clear that bar get pushed out of the market. And those are exactly the brokers who used to leave motor carriers holding the bag.
Read More →
Long-Awaited Canadian Border Bridge to Open in Detroit
For trucking, the bridge opening should offer immediate improvements in efficiency and reliability, with new customs facilities, expanded inspection capacity, and direct freeway-to-freeway connections.
Read More →
Aurora Rolls Out Next Generation of Driverless Trucks for Commercial Freight
Aurora's latest autonomous trucks it's rolling out with International feature lower-cost hardware designed for a million miles as the company expands commercial driverless freight operations across the U.S. Sun Belt.
Read More →
Freight Tonnage Down, Rates up, as Lower Capacity Powers Trucking Recovery
The recovery from the freight recession continues to be driven by reduction in capacity rather than by increased demand.
Read More →
Think Your Trucking Fleet Isn't Using Much AI? Think Again
Shadow AI — the use of unauthorized artificial intelligence tools at work — is becoming increasingly common, putting sensitive company data at risk. Learn how trucking fleets can protect sensitive data while embracing AI.
Read More →
ArcBest Consolidates Brands, Cuts Workforce
The company will bring three business units under the ArcBest brand, eliminate about 2% of positions, and expects the changes to generate $40 million in annual savings.
Read More →
Trucking Fleets Faced Record Operating Costs During Third Year of Freight Recession
ATRI's annual operational cost report shows carriers trimmed fleets, delayed equipment purchases, and ran older trucks as expenses continued to outpace freight rates.
Read More →
Michelin Adds AI Assistant to MyConnectedFleet Platform
Michelin’s new generative AI tool delivers instant fleet insights, helping managers analyze fuel use, tire maintenance, vehicle status, and operational performance without manually creating reports.
Read More →
LytxOne Platform Now Features AI, Compliance, and Asset Tracking Tools
New enhancements add AI-powered insights, asset tracking, compliance automation, and configurable privacy controls to Lytx's all-in-one fleet management platform.
Read More →
