Business Inventories Rise 0.3%

Business inventories rose 0.3% in May, the Commerce Department said Tuesday.

The increase in goods unsold at factories, retailers and wholesalers followed a 0.5% increase in April.

Sales rose 0.8%, following a 1.5% increase the previous month.

The inventory gain was below analysts’ forecasts of a 0.5% increase, Bloomberg reported.

When sales are growing, it usually means trucking is seeing additional demand to deliver goods and restock shelves.

Higher inventories mean goods are not being sold at a rapid pace, which could lower demand for trucking services.