Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
4/9/2012 7:00:00 AM Write a Letter to the Editor Write a letter to the Editor

Construction Spending Falls in February

Construction spending dropped 1.1% in February, the largest decline in seven months, the Commerce Department said.

The decrease followed a revised 0.8% downturn in January that was larger than originally reported, Commerce said.

Economists had forecast a 0.6% gain in February, Bloomberg reported.

Private construction spending was unchanged, while homebuilding spending gained 1.2%.

Public construction spending fell 1.7%, but federal construction spending climbed 1.9%.

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

By Light & Medium Truck

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

© 2012, Transport Topics Publishing Group. All rights reserved.


 


  MORE TRUCK FLEET MANAGEMENT NEWS

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

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

Services

Advertising




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