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Durable Goods Orders Grow in January

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2/24/2011 9:15:00 AM

Durable goods orders rose 2.7% in January, the Commerce Department said Thursday.

Orders for capital equipment rose after a 0.4% drop in December, though orders excluding transportation equipment  fell 3.6%, Commerce said.

Analysts had forecast a 2.8% increase in durables orders and a 0.5% increase excluding transportation, Bloomberg reported.

Durable goods include large items such as refrigerators and air conditioners. Trucking is a major beneficiary of durable goods manufacturing, hauling both components and finished goods.

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