Economic Watch: Retail Sales Increase for Fourth Straight Month
Retail sales in the U.S. increased for the fourth consecutive month during May increasing 0.3% from the month before and 4.3% from the level the same time a year earlier.
Retail sales in the U.S. increased for the fourth consecutive month during May increasing 0.3% from the month before and 4.3% from the level the same time a year earlier.
A new U.S. Commerce Department reports the gain follows a 0.5% increase in April and a 1.5% jump in March, the biggest climb in four years.
Leading the May hike was a 1.4% increase in auto sales from the month before, which were 11.1% greater than in May 2013. Excluding sales of autos, retail sales increased just 0.1% in May from April. About only half of the major retail categories reported increases in May from the month before, meaning the increase for the month was not broad.
Despite the positive report, it was below the expectations of many economists, due partly to April’s level being revised upward from an earlier report.
“Aside from autos and gasoline, consumers weren't doing much spending in May,” said Lindsey Piegza, chief economist at the investment firm Sterne Agee. “Forecasts for 4% gross domestic product [increase] predicated on a resurgence in consumption, thanks to pent-up demand carrying forward from the start of the year, appear to be slowly loosing favor as the consumer continues to loose momentum.”
She pointed out that consumers weren't simply sitting at home at the start of the year, most were busy spending on other services. “The average household was spending on health care services and an extra $600 to $1,000 more on utilities to heat the family home. In other words while we expect consumption to remain positive, any rise in goods consumption will likely be offset by a decline in service spending.”
More Fleet Management

Kodiak Lines Up Fleets for Driverless Trucking
An agreement for 75 trucks, a new Texas freight lane, and progress on safety validation move Kodiak closer to its planned driverless highway launch.
Read More →
ITS Logistics Settles Religious Harassment Case
The Nevada-based logistics firm agreed to pay more than $396,000 to settle a religious harassment charge involving an employee's Jewish identity.
Read More →
Your Trucks Are Busy. That Doesn’t Mean They’re Winning.
High utilization doesn’t always mean strong margins. Looking beyond the current load can help fleets make better dispatch decisions and get more value from each truck’s time.
Read More →
Why This Trucking Recovery Is Different
Freight demand remains sluggish, but rising costs and tougher enforcement have taken enough capacity out of the market to change the outlook for motor carriers.
Read More →
Platform Science Adds Dispatch and Safety Tools
Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.
Read More →
PrePass Intelligence Mines Fleet Bypass, Toll and Safety Data
PrePass Intelligence helps fleets measure bypass savings, flag potential toll overcharges, and spot suspicious transactions by combining data from separate systems.
Read More →
Motive Adds AI Agents for Fleet Operations
New tools automate follow-up on fleet data, from maintenance work orders to driver alerts, with two-way voice conversations planned for later this year.
Read More →Can You Beat Our Trucking Trivia Challenge?
Test your truck knowledge with 19 trivia questions from Heavy Duty Trucking Exchange. Can you keep up with the fleet pros?
Read More →
BeyondTrucks Adds Rules Checks to Dispatch
New Compatibility Engine checks driver qualifications, equipment requirements and fleet policies before loads are dispatched.
Read More →
Diesel Prices Hijack Trucking’s Worry List
ATRI’s annual survey finds cautious optimism about freight, but diesel costs, litigation, and insurance continue to squeeze fleets. Drivers have different priorities on several issues.
Read More →
