Evan Lockridge worked for Heavy Duty Trucking for 20 years until 2018. A consummate "news guy" since the 1980s, he began covering trucking in 1990 on nationwide radio, print and digitally.
He is the recipient of four Jesse H. Neal honors.
Evan Lockridge worked for Heavy Duty Trucking for 20 years until 2018. A consummate "news guy" since the 1980s, he began covering trucking in 1990 on nationwide radio, print and digitally.
He is the recipient of four Jesse H. Neal honors.
Spot market truckload activity picked up during the week ending April 21 as the number of posted loads increased 3.1% and truck posts rose 4%, according to the freight matching service provider DAT Solutions.
Volvo and Paccar both reported that profits moved higher in the first quarter of the year as sales also improved, increasing their predictions for the Class 8 truck market for 2018.
The latest economic reports show a further increase in U.S. manufacturing output and a firm footing for the overall economy, but raised some questions about where employment and labor are going, while there were mixed results for existing-home sales.
Two trucking fleets on Thursday reported increases in their first quarter net income compared to the same time a year earlier.
Spot truckload rates moderated during the week ending April 14 as more trucks returned to the marketplace. The number of trucks posted to the DAT Solutions network of load boards jumped 11% compared to the previous week while the number of loads fell almost 1%.
The latest numbers about the health of the U.S. economy showed continued growth when it comes to industrial production, housing starts, and retail sales, indicating increasing energy for the first part of the second quarter.
Newly released figures on the health of the North American freight marketplace as well as on U.S. truckload linehaul and intermodal rates show all are at or near record highs.
The first quarter 2018 earnings reporting season for trucking began on Monday as J.B. Hunt Transport Services Inc. said its profit moved higher compared to the same time a year ago.
The number of loads on the DAT network of load boards increased 3.2% and load-to-truck ratios moved higher for all three equipment types during the week ending April 7, which caused rates to spike.
While consumer prices declined for the first time in 10 months during March, there is increasing evidence that inflation is picking up at both the retail and wholesale levels.
The number of U.S. non-farm jobs added in March moderated while trucking added the most jobs in recent memory, according to a new Labor Department report.
Troubles continue to mount for Indiana-based trucking company Celadon Group Inc. after it launched an internal investigation into its accounting practices nearly a year ago.
Employers continued adding a high-number of non-farm jobs in March while U.S. factory orders increased broadly in February, but the rebound was less than expected, according to two new reports.
The way we pay for federally funded road and bridge projects hasn’t changed over the past 25 years and a fuel tax increase may provide the needed funding for our crumbling infrastructure. Analysis by Business Contributing Editor Evan Lockridge.
The number of trucks on the spot truckload freight market did not keep pace with demand from shippers wanting to move goods before the end of the first quarter and the start of Easter holidays, sending rates and load-to-truck ratios higher.
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