Factory Orders Rise, But No Reason to Celebrate
U.S. factory orders rose 1.8% in March to a seasonally adjusted $370.52 billion – the largest gain since June 2000 – after falling a revised 0.1% in February, the Commerce Department reported yesterday. Even though government figures show inventories fell 0.6%, a sign that companies are unloading their inventory, carriers should not breathe a sigh of relief just yet. Total factory orders actually