Economic Watch: Year Ending With Positive Economic News
The final week of 2013 provided some encouraging economic numbers including about holiday sales.

Photo: Evan Lockridge
The final week of 2013 provided some encouraging economic numbers including about holiday sales.
Consumer spending in November increased the most in five months, jumping 0.5% from October, according to the U.S. Commerce Department. It was the seventh straight monthly hike.
The October figure was also upwardly revised to a 0.4% increase.
While eagerly anticipated sales numbers for December won’t be released for about another three weeks, early indications are overall holiday spending saw a healthy increase from a year ago.

Photo: Evan Lockridge
Retail sales in holiday related categories between Nov. 1 and Dec 24. rose 2.3%, compared with 0.7% a year earlier, according to MasterCard Advisors' SpendingPulse report, while overall sales during the period increased 3.5%.
The increases are even more impressive when you take into consideration the 2013 holiday season had six fewer shopping days between Thanksgiving and Christmas, as well as bad weather that affected sales in some parts of the country.
Online sales during the holiday season increased 40% overall this year by some estimates, but it also led to problems for shipping giants UPS and FedEx, causing some consumers to miss out on receiving purchases they ordered for delivery by Christmas.
Meantime, shipments and new orders for durable goods both increased again in November, according to the U.S. Commerce Department in a separate report.
Shipments increased 1.8% from the previous month to the highest level on record going back to 1992.
New orders for manufactured durable goods jumped 3.5% during the same time, the largest hike in nearly a year, following an October decline.
Some analysts believe the November performance by both durable goods new orders and shipments is further evidence of a firming economic growth outlook, according to CNBC.
Also, pending home sales stabilized in November with a slight gain, according to the National Association of Realtors.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, inched up 0.2% to 101.7 in November from a downwardly revised 101.5 in October, but is 1.6% below November 2012 when it was 103.3.
“We may have reached a cyclical low because the positive fundamentals of job creation and household formation are likely to foster a fairly stable level of contract activity in 2014,” said Lawrence Yun, NAR chief economist, “Although the final months of 2013 are finishing on a soft note, the year as a whole will end with the best sales total in seven years.”
In contrast, a report from the U.S. Commerce Department shows new home sales in November slipped 2.1% from the month before, while totals for recent previous months were revised sharply upward.
New home sales in October hit a five-year high.
More Drivers

FDA Eases Path for Oral-Fluid Testing
Federal actions could advance oral-fluid drug testing for truck drivers, but lab certification delays and marijuana rescheduling questions remain.
Read More →
Why Hiring Truck Drivers Is Getting Harder
Higher recruiting costs, a shrinking driver pool, and renewed pay competition are raising the stakes for fleets heading into 2027.
Read More →
Roehl Offers Truck Drivers $10,000 Retention Incentive
Payments begin after the first load and continue in mileage-based installments for eligible experienced drivers joining the fleet.
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 →
When Language Stops the Truck: The Return of ELP Out-of-Service Orders
English language proficiency rules for commercial drivers aren’t new, but renewed out-of-service enforcement has raised the stakes. Here’s what carriers need to know before a driver reaches a roadside inspection.
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 →
Trucker Path Expands Reserved Parking Network
Trucker Path has added close to 6,000 more truck parking spaces to its Trucker Path Reserved Parking Network with the addition of Safe Truck Parking.
Read More →
EEOC Sues Texas Trucking Company Over Driver Age Limits
The agency says Trancasa USA rejected applicants over 65 and applied tougher driving-record standards to those over 60.
Read More →
Nussbaum, Roehl Announce Second Driver Pay Increase This Year
This year has seen a swath of major truck driver pay increases as freight capacity has tightened.
Read More →
From One Generation to the Next: How Mentorship Builds Safer Truck Drivers
After three decades in trucking, Harold Perry shares what he's learned about driver safety, mentorship, and helping the next generation build confidence behind the wheel.
Read More →
