Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
4/1/2014 10:06:00 AM Write a Letter to the Editor Write a letter to the Editor

Construction Spending Rises Little in February


Construction spending rose 0.1% in February, the Commerce Department reported April 1.

The increase brought spending to a $945.7 billion annual rate after a revised 0.2% decline the prior month.

Spending on private residential construction declined 0.8% in February to an annual pace of $360.4 billion, the largest decline since July, the Associated Press reported.

Construction of commercial projects, such as offices, stores and hotels, declined 0.3%.

Economists are looking for sales of new and existing homes to show improvement in the spring. Pent-up demand is expected to help sales after they were depressed by an unusually severe winter, AP reported.

Construction spending can boost demand for trucking services because it increases the number of shipments of goods and building materials.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement