Business Inventories Rise in May
Business inventories rose 0.5% in May, and sales increased 0.4%, the Commerce Department reported July 15.
The rise in inventories follows a 0.8% increase in April.
Economists had forecast inventories to rise 0.6%, Bloomberg News reported.
Retail inventories increased 0.2% in May, after a 1% rise the prior month. Manufacturing increased 0.8% after a 0.5% increase in April, Commerce said.
When sales are growing, trucking usually faces additional demand to deliver goods.
