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.

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
Drivers Put Western Star Trucks to the Test at Star Nation Experience
Watch to get an inside look at the Western Star trucks, technology, and community behind the Star Nation Experience 2026!
Read More →
Trump Administration Looks to Put More Veterans Behind the Wheel
The Freedom Haulers program pulls together existing and expanded programs at several federal agencies to recruit veterans to drive commercial heavy-duty trucks and cut the red tape for them to get a CDL, training, and employment.
Read More →
Putting Mack’s Command Steer to the Test
A test drive of Mack’s Command Steer active steering system evaluates how it can make truck driving easier and less tiring.
Read More →
Competition Heating Up for Truck Drivers
New report reveals rising driver hiring costs, the return of sign-on bonuses, growing AI advantages, and the operational factors shaping driver retention.
Read More →
How Fraley & Schilling Improved Logbook Compliance by Over 50%
Fraley & Schilling needed a way to close a compliance workflow gap in its ELD system without adding more work from driver training, reminders, and back-office follow-ups. It found the answer in a custom driver app.
Read More →
Volvo Goes Gaming
Volvo has roared into American Truck Simulator with two new flagship trucks.
Read More →
What the Best Fleets to Drive For Teach About Driver Retention
Survey fatigue, AI-powered routing, owner-operator expectations, and the decline of social media all emerged as themes from this year's Best Fleets to Drive For program.
Read More →
Driver Retention Lessons From the Best Fleets to Drive For
What separates trucking's best workplaces from the rest? Jane Jazrawy shares the biggest lessons from this year's Best Fleets to Drive For program on driver retention, communication, AI, and workforce trends on the HDT Talks Trucking podcast.
Read More →
Farewell, CDL: Why I'm Giving Up My Commercial Driver's License
After more than 20 years as a CDL holder, HDT Executive Editor Jack Roberts is letting his commercial license expire. Not because he wants to — but because trucking's nuclear verdict crisis has made the risks of public-road test drives too great for editors, manufacturers, and everyone involved.
Read More →How Top Trucking Fleets Improve Driver Retention [Video]
What do healthy snacks, optimized routing, and just picking up the phone have in common? They're all strategies the Best Fleets to Drive For are using to retain truck drivers.
Read More →
