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
Read Evan's Posts
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%.

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.

Ad Loading...

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.

Ad Loading...

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

SponsoredFebruary 1, 2026

Stop Watching Footage, Start Driving Results

6 intelligent dashcam tactics to improve safety and boost ROI

Read More →
DriversJanuary 23, 2026

What FMCSA’s New Enforcement Push Means for Fleets in 2026 [Podcast]

Listen as transportation attorney and TruckSafe Consulting President Brandon Wiseman joins the HDT Talks Trucking podcast to unpack the “regulatory turbulence” of last year and what it means for trucking fleets in 2026.

Read More →
DriversJanuary 20, 2026

How Pilot Is Using AI in Truck Maintenance

A practical look at how artificial intelligence is helping Pilot's trucking fleet move from reactive maintenance to a more proactive approach.

Read More →
Ad Loading...
SponsoredJanuary 19, 2026

3 New Ways Fleet Software Pays: ROI opportunities for modern fleet managers

Safety, uptime, and insurance costs directly impact profitability. This eBook looks at how fleet software is evolving to deliver real ROI through proactive maintenance, AI-powered video telematics, and real-time driver coaching. Learn how fleets are reducing crashes, defending claims, and using integrated data to make smarter operational decisions.

Read More →
SponsoredJanuary 19, 2026

Basic Tracking vs Next Generation Fleet Technology

Fleet software is getting more sophisticated and effective than ever, tying big data models together to transform maintenance, safety, and the value of your existing tech stack. Fleet technology upgrades are undoubtedly an investment, but updated technology can offer a much higher return. Read how upgrading your fleet technology can increase the return on your investment.

Read More →
Graphic showing smart truck parking technology with a highway sign reading “Spaces Available” and the Streetline logo.
Driversby News/Media ReleaseJanuary 16, 2026

Streetline Expands Smart Truck Parking System on West Coast

Streetline is expanding smart truck parking tools, including a new I-5 deployment in Washington and a no-upfront-cost pilot model for state DOTs.

Read More →
Ad Loading...
Truck parked at night
Driversby Deborah LockridgeJanuary 15, 2026

Third 'Jason's Law' Truck Parking Survey Under Way

The Federal Highway Administration is asking motor carriers and truck drivers to give input on where and when drivers have difficulty finding truck parking, and on how drivers prefer to get information on available parking.

Read More →
Driversby StaffJanuary 8, 2026

FMCSA Continues Focus on State Issuance of Non-Domiciled CDLs

The Federal Motor Carrier Safety Administration continues a crackdown on an increasing number of states it says have been issuing non-domiciled CDLs improperly.

Read More →
Driversby Deborah LockridgeDecember 30, 2025

Will FMCSA’s Driver-Oriented Enforcement Initiatives Affect Capacity?

The Department of Transportation and the Federal Motor Carrier Safety Administration took several actions in 2025 to tighten enforcement of regulations for commercial drivers. Will those affect trucking capacity in 2026?

Read More →
Ad Loading...
Driversby Deborah LockridgeDecember 15, 2025

Q&A: Lisa Kelly Explains Ice Road Trucking, Reality TV Editing, and Life as a Female Driver

Lisa Kelly talks to HDT about the return of the show Ice Road Truckers, what really happens on the ice roads, how reality TV shapes drivers’ stories, and the career she’s built beyond the show.

Read More →