Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Several Bright Spots in Latest U.S. Economic Numbers

Shipments and orders of manufactured durable goods, increased in February according to numbers released today from the U.S. Commerce Department, while home sales slid and consumer confidence fell in March.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
March 26, 2013
3 min to read


Shipments and orders of manufactured durable goods, increased in February according to numbers released today from the U.S. Commerce Department, while home sales slid and consumer confidence fell in March.

Shipments continued a close to non-interrupted streak of increases the past six months. They moved 1% higher in February from the month before, following a 0.7% January decrease. Shipments of transportation equipment increased the most in February, adding 1.6%, following a January drop of 1.9%. It has moved higher the past three out of four months. Excluding defense orders there was a 4.5% increase.

Ad Loading...

New orders for manufactured durable goods skyrocketed in February from January, picking up 5.7%, following a 3.8% decrease in January. The fifth gain in the last six months and the best performance since September. Much of this hike was due to a surge in new transportation orders, increasing 21.7%. Excluding them February turned in a 0.5% decrease. Excluding defense orders there was a 4.5% increase in new orders.

Durable goods are defined as items designed to last three years or more.

In a separate report the Commerce Department reported sales of new single-family homes in February fell 4.6% in February, following a 13.1% jump in January. Despite the decline, this put the annual rate for February at 411,000 units while January’s level was revised down to 431,000, the latter being the highest level since September 2008. Compared to the same time in 2012, February sales were 12.3% higher.

Ad Loading...

Some analysts warn that builders could struggle to keep up with demand for new homes and that could cause uneven sales levels the next few months rather than a reflection of buyers being less interested in new homes.

Meantime, U.S. consumers showed they remain fickle as ever, with the private group the Conference Board releasing a report that U.S. consumer confidence in the economy fell sharply in March.

“This month’s retreat was driven primarily by a sharp decline in expectations, although consumers were also more pessimistic in their assessment of current conditions,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “The recent sequester has created uncertainty regarding the economic outlook and as a result, consumers are less confident.”  

This report is the opposite of what group released last week when it comes its monthly index of leading economic indicators, which is used to gauge U.S. economic activity three to six months down the road. It increased 0.5% in February, following a 0.5% gain in January and 0.4% upturn in December.

“The U.S. economy is growing slowly now, and with this reading increases hope that it may pick up some momentum in the second half of the year,” said Ken Goldstein, economist at The Conference Board. “However, this latest report does not yet capture the recent effects of sequestration, which could dampen the pickup in GDP.”

More Fleet Management

Cyberstop column header depicting images of ChatGPT prompt on a smartphone and shadowy hooded figure
Fleet Managementby Ben WilkensJuly 17, 2026

Think Your Trucking Fleet Isn't Using Much AI? Think Again

Shadow AI — the use of unauthorized artificial intelligence tools at work — is becoming increasingly common, putting sensitive company data at risk. Learn how trucking fleets can protect sensitive data while embracing AI.

Read More →
Photo of semi trucks with Panther, ArcBest, and ABF trailers backed up to docks, with ArcBest logo superimposed on top
Fleet Managementby Deborah LockridgeJuly 17, 2026

ArcBest Consolidates Brands, Cuts Workforce

The company will bring three business units under the ArcBest brand, eliminate about 2% of positions, and expects the changes to generate $40 million in annual savings.

Read More →
Cover of ATRI operational costs study with graph clip art and photo of trucks on highway in the background
Fleet Managementby Deborah LockridgeJuly 15, 2026

Trucking Fleets Faced Record Operating Costs During Third Year of Freight Recession

ATRI's annual operational cost report shows carriers trimmed fleets, delayed equipment purchases, and ran older trucks as expenses continued to outpace freight rates.

Read More →
Ad Loading...
Micheline AI Assistant.

Michelin Adds AI Assistant to MyConnectedFleet Platform

Michelin’s new generative AI tool delivers instant fleet insights, helping managers analyze fuel use, tire maintenance, vehicle status, and operational performance without manually creating reports.

Read More →
LytxOne Platform.

LytxOne Platform Now Features AI, Compliance, and Asset Tracking Tools

New enhancements add AI-powered insights, asset tracking, compliance automation, and configurable privacy controls to Lytx's all-in-one fleet management platform.

Read More →
Container ship at the Port of Long Beach.

July Imports Poised to Set Container Record

The National Retail Federation projects July container imports will surpass the pandemic-era record as shippers frontload freight ahead of expected August tariff increases.

Read More →
Ad Loading...
Nine headshots of men and women with Truck Fleet Innovators logo and the word "Finalists"
Fleet Managementby Deborah LockridgeJuly 10, 2026

HDT Announces 2026 Truck Fleet Innovator Finalists

From AI and fleet electrification to safety, operations, and leadership, these HDT Truck Fleet Innovator finalists are changing how trucking gets done.

Read More →
DAT trucking conditions June 2026.

Van Spot Rates Top Contract Rates for First Time Since 2022

There’s more good economic news for the North American trucking industry according to the latest Truckload Volume Index report from DAT.

Read More →
Carrier Transicold Fleet Refresh program.

Carrier Transicold Extends Refrigerated Trailer Life

Fleet Refresh enables refrigerated fleets to replace aging transport refrigeration units instead of entire trailers, while adding Lynx Fleet telematics and BluEdge service coverage.

Read More →
Ad Loading...
FTR TCI May 2026.

FTR Says Freight Rates Surged in May

FTR's Trucking Conditions Index surged to a record high in May, the analytics firm reports.

Read More →