Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Economic Watch: Year Ending With Positive Economic News

The final week of 2013 provided some encouraging economic numbers including about holiday sales.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
December 31, 2013
Economic Watch: Year Ending With Positive Economic News

Photo: Evan Lockridge

2 min to read


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.

Ad Loading...

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%.

Ad Loading...

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.

Ad Loading...

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.

Ad Loading...

New home sales in October hit a five-year high.

More Drivers

Man seated in front of computer with inset of insights generated for a truck driver

Netradyne Intelligence Uses New AI Agents to Automate Response to In-Cab Camera Data

The company called the next-generation in-cab camera safety platform "a fundamental shift from systems that report on what happened to systems that actively drive what should happen next."

Read More →
Illustration of hourglass and trucks backed up to a dock
DriversJune 15, 2026

Why Truck Detention Keeps Costing Fleets Time and Money

A 2024 ATRI study found detention affects nearly 40% of truckload stops and costs the industry more than $15 billion annually. Despite the toll on drivers, fleets, and supply chains, the problem remains stubbornly persistent.

Read More →
Artist rendering of dealership with trucks and trailers parked outside
Equipmentby News/Media ReleaseJune 2, 2026

Prime Inc. to Open $7.9M Flagship Used-Truck Dealership

A new driver-focused facility to sell Prime Inc's used trucks and trailers will be the first purpose-built location in the company's history.

Read More →
Ad Loading...
Thumbnail for podcast episode
Safety & ComplianceMay 28, 2026

Short Takes: Inside K&B’s Truck Safety Tech

Listen to learn how K&B Transportation uses cellphone-blocking technology, speed management systems, weather geofencing, bridge avoidance tools, and more to improve driver safety.

Read More →
Nussbaum driver pay.
Driversby News/Media ReleaseMay 27, 2026

Nussbaum Expands Driver Compensation with Pay Raises, Profit Sharing

Nussbaum Transportation said its latest compensation package could push first-year driver earnings above $90,000 in key hiring markets.

Read More →
Lance Evans, Director of Safety at K&B Transportation.
Safety & ComplianceMay 13, 2026

Listen: Inside Modern Fleet Safety: AI, Cameras & Speed Control at K&B Transportation

Fleet safety is evolving fast—and technology is at the center of it. Learn how a former commercial vehicle enforcement officer turned director of safety at K&B Transportation is embracing real-world safety technology.

Read More →
Ad Loading...
Maverick Transportation Freightliner Cascadia.
Driversby News/Media ReleaseMay 12, 2026

Maverick Announces 2026 Driver Pay Raises

New raises for Maverick Transportation drivers will take effect on May 31, 2026.

Read More →
Alleged Ohio toll evasion truck.
Driversby News/Media ReleaseMay 5, 2026

Illinois Trucker Indicted for Nearly $22,000 in Ohio Turnpike Toll Evasion

Authorities say an Illinois trucker avoided paying tolls for two years, and now faces felony charges, possible prison time, and forfeiture of his Freightliner tractor.

Read More →
Illustration with trojan horse and lock with inside of cargo container in background
Fleet Managementby News/Media ReleaseApril 23, 2026

New Trojan Driver Cargo Theft Scam Bypasses Carrier Vetting Systems

Cargo theft rings plant operatives as drivers inside legitimate, fully vetted carriers, then execute coordinated thefts that look like a traditional straight theft from the outside.

Read More →
Ad Loading...
Female truck driver.
Driversby News/Media ReleaseApril 21, 2026

WIM, Trucker Path Name Top 3 Women-Friendly Truck Stops

ATA’s Women In Motion Council and Trucker Path highlight three truck stops that meet all seven safety-focused criteria and rank highest among female drivers.

Read More →