Factory Orders Decline in January
Factory orders declined 0.7% in January, the Commerce Department reported March 6.
The decline followed a revised 2% decline in December that was larger than initially reported.
Durable goods orders dropped 1% in January. Orders for capital goods, excluding transportation equipment, increased 1.5% after a 1.6% decline in December.
The trucking industry relies on factory orders and shipments for much of its business.
