X

Economic update: Aug. 29, 2013

Jason Cannon August 29, 2013

• A sharp drop in commercial aircraft orders in July dragged down new orders for manufactured durable goods, which fell 7.3% from June. Excluding transportation equipment, the month-to-month decline in durable goods orders was 0.6%

• The Conference Board’s Consumer Confidence Index edged up half a point in August from July to 81.5. The base year for the index is 1985.

• The national average retail diesel price increased 1.3 cents to $3.913 a gallon during the week ended Aug. 26. The national average price is 17.6 cents lower than the same week last year.

• U.S. freight railroads’ carloads were down 1.7% for the week ended Aug. 24 compared to the same week last year. Intermodal traffic was up 3.5%.

• First-time claims for unemployment insurance fell by 6,000 during the week ended Aug. 24 to a seasonally adjusted 331,000. The four-week moving average was 331,250, an increase of 750 from the previous week’s average.

More on these and other economic indicators is available by subscription at www.truckgauge.com.

Poll

Do you actively capture and use customer data?

Latest

The Pete Store launches new uptime, service initiative

Inland Kenworth adds new dealerships

Worldwide Equipment CEO honored by Kentucky med school

Popular

UP CLOSE: Western Star’s new 5700XE

Heil Trailer unveils new logo

Worldwide Equipment opening new lease location

Successful Dealer Award

Click here to read about the award and see the nominees for this year's award.