Inventories Hold Steady

The ratio of inventories to sales in the economy remained 1.27 in November – the fourth straight month in which the ratio held steady at this lean level, according to the U.S. Census Bureau. The inventories-to-sales ratio is barely higher than the all-time low of 1.25 in March. Continuation of lean inventories relative to sales suggests sound inventory management by the supply chain. At least in the near term, trucking companies generally can expect normal shipment levels.