Factory Orders Climb Fifth Straight Month | Journal of Commerce
Joseph Bonney | May 3, 2011 3:38PM GMT
The Journal of Commerce Online - News Story
Broad increases in orders, rising prices for food, oil drive growth
U.S. factory orders rose for the fifth consecutive month in March, driven by a broad-based increase in orders and rising prices for food and oil, the Commerce Department said.
The 3 percent increase in orders for manufactured goods continued a trend that has contributed to rising freight volumes. March represented the 16th consecutive monthly increase in intermodal volume, up 8.5 percent year-to-year, and the 13th straight increase for carload shipments, which rose 3.4 percent, the Association of American Railroads reported last week.
Joseph Bonney | May 3, 2011 3:38PM GMT
The Journal of Commerce Online - News Story
Broad increases in orders, rising prices for food, oil drive growth
U.S. factory orders rose for the fifth consecutive month in March, driven by a broad-based increase in orders and rising prices for food and oil, the Commerce Department said.
The 3 percent increase in orders for manufactured goods continued a trend that has contributed to rising freight volumes. March represented the 16th consecutive monthly increase in intermodal volume, up 8.5 percent year-to-year, and the 13th straight increase for carload shipments, which rose 3.4 percent, the Association of American Railroads reported last week.
