Business Inventories Rise 0.7%

Business inventories rose 0.7% in October, the Commerce Department said Tuesday.

The gain followed a revised 1.3% increase in September, more than originally reported.

Economists had forecast a 1% increase, Bloomberg reported.

Sales rose 1.4%. Factory inventories rose 0.9% and wholesale stockpiles increased 1.9%.

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