Factory Orders Down For Second Straight Month
The Commerce Department reported that factory orders declined 1.3% in February, about double the downturn that economists were expecting. The decline followed an even bigger 2.3% drop in January, the largest decline in five months. The falloff in demand was widespread, with steep declines in orders for motor vehicles, heavy machinery and iron and steel. The government report showed that demand for durable goods, items expected to last at least three years, fell 1.1%, while orders for non-durable goods, products such as oil and chemicals, declined 1.5%. Orders for transportation products rose 1.8%, however, spurred by a 5.1% gain in orders for commercial airplanes. Orders for motor vehicles fell 2%.
Return to:
Factoring, Credit and
Economy News
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Charter Capital services many industries. Here are just a few of the industries
we are currently financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get cash
with Freight Bill Factoring from Charter Capital. We purchase your freight bills
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 company 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 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 from
Charter Capital can accommodate the working capital funding needs of both new
manufacturing companies as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology
consulting and staffing firms are great candidates for our FactorLine accounts receivable
funding 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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