Business Inventories Rise as Sales Drop to 10-Month Low

Posted in: Business Factoring News, Freight Bill Financing News, Freight Factoring News, Freight Hauling Financing, Freight Hauling News, Trucking Finance News, Trucking Financing News, Trucking News- Mar 13, 2014 No Comments

Business inventories rose 0.4% in January, but sales dropped 0.9% to a 10-month low, the Commerce Department reported March 13.

The rise in inventories follows a 0.5% increase in December. Economists had forecast inventories to rise 0.4%, Reuters reported.

Businesses accumulated a large amount of stock in the second half of 2013 and are expected to order fewer goods, undercutting growth in the first quarter, Reuters reported.

Retailer inventories rose 0.7%, the largest gain since July 2013, after a 0.6% increase the prior month, Commerce said.

When sales are growing, trucking usually faces additional demand to deliver goods.

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