October 26, 2011
Transportation Sector Pulls Down Durables
By Rick Saia
New orders for durable goods fell $1.5 billion, or 0.8 percent, in September, dragged down by a $4 billion plunge in transportation equipment, the U.S. Census Bureau announced.
Excluding transportation equipment, orders for durables rose 1.7 percent.
Orders for transportation equipment - goods generally associated with airlines, railroad companies and trucking firms - fell 7.5 percent to $49.6 billion.
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