Business Inventories Gain 0.2% in January

[Stay on top of transportation news: .]

Click here to write a Letter to the Editor.
U.S. business inventories rose 0.2% in January, but sales declined by the most in four months, the Commerce Department said Tuesday.The January uptick followed no change in December. Sales declined 0.7%.The inventories reading was slightly higher than economists’ forecasts of a 0.2% gain, Bloomberg reported. Retail inventories, which account for a little over a third of all business stockpiles, rose 0.2% after a revised 0.3% rise in December. When inventories and sales are growing, it usually means trucking is seeing additional demand to deliver goods and restock shel.

Ìý

Trending

Newsletter Signup

Subscribe to Transport Topics

 

Hot Topics