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Durable Goods Orders up in January
Durable goods orders grew in January by the largest amount in six months, but the strength came largely from a surge in demand for commercial aircraft. The Commerce Department reported that orders for big-ticket manufactured goods jumped 3% in January, the biggest increase since a 5.8% increase last July. However, excluding transportation, orders fell by 0.6%. Demand for autos, machinery and other products fell in January, a sign that manufacturing is still challenged. However, the government revised higher the increase in orders excluding transportation in December to show a gain of 2%, stronger than the initial estimate of a 1.4% gain. January’s 3% gain in overall orders was led by a 15.6% increase in demand for transportation products, which was fueled by a more than doubling in demand for commercial aircraft, where orders jumped by 126%. This offset a 2.2% drop in orders for motor vehicles. Outside of transportation, orders for machinery fell 9.7%, while orders for primary metals grew 1.9%.
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Date Last Updated: 03/03/2010
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Charter Capital services many industries. Here are just a few of the industries for which we are currently providing business financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get financing with Freight Factoring from Charter Capital. We purchase your Freight Invoices
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing business with unlimited payroll funding, whether you're a start up or a multi-million dollar temp-staffing agency. Our clients provide staffing for various industries including Professional, Office Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared to gain your share with a FactorLine business financing facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor, packaging company, or any business that invoices to credit worthy customers, then a FactorLine financing facility from Charter Capital can accommodate the working capital funding needs of both new
manufacturing businesses as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology consulting businesses and staffing firms are great candidates for our FactorLine accounts receivable financing service, enabling you to increase your cash flow without the need for bank loans. We are always adding new industries and will consider factoring service providers in any industry.
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