Business Inventories Rise 0.4% in February
Business inventories rose 0.4% in February, and sales increased 0.8%, the Commerce Department reported April 14.
The rise in inventories follows a 0.4% increase in January. Economists at JPMorgan Chase forecast that inventories rose 0.6% in February, Bloomberg News reported.
Inventories are being driven higher on the belief that business sales will rise as the economy recovers from a harsh winter, Bloomberg reported.
Retail inventories were unchanged following a 0.3% rise in January, and manufacturing increased 0.7% after a 0.2% increase the prior month, Commerce said.
When sales are growing, trucking usually faces additional demand to deliver goods.
