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.
Manufacturing in the U.S. continued its hot streak in February, but there are questions following other data released earlier about the sector. Personal incomes and expenditures were up, and construction spending remained robust despite little change from the month before.
The U.S. economy didn’t expand as much as originally estimated in the final quarter of 2017, but it still turned in a solid performance, according to a new Commerce Department report, while a separate report on consumer confidence showed it was at its highest level in more than a decade.
The national average rate for spot flatbed loads increased for the third straight week and the flatbed load-to-truck ratio topped 70 to 1 during the week ending Feb. 24, according to DAT Solutions and its network of load boards.
Following strong growth last year, business spending on equipment has fallen for the second straight month, according to a new report, while a separate one shows new home sales in the U.S. have slipped again.
National average spot van and refrigerated truckload rates fell during the week ending Feb. 17 but remain well ahead of last year’s levels, according to DAT Solutions and its network of load boards.
A preliminary report about the U.S. manufacturing sector for this month showed business conditions continue improving, hitting a 40-month high, while a separate one on existing home sales revealed a decline for the second straight month amid higher prices and a supply shortage.
Measures of truckload line haul rates and intermodal rates showed continued increases in January, according to newly released figures from one freight payment processor.
Several recent economic indicators, with the exception of a measure of the total output from the nation’s factories, mines and utilities production, have all moved higher. That indicates economic activity in the first month to month and a half of 2017 is still very much alive, despite recent concerns about the future following stock market gyrations.
Spot market truckload freight rates continued moving lower for the week ending Feb. 10, according to load board operator DAT Solutions, despite a slight increase in available freight and a drop in truck capacity.
A gauge of the level of freight moved by the nation’s for-hire transportation industry capped off 2017 by posting another new all-time monthly high, according to the Transportation Department.
Prices at the retail level jumped more than expected during January, raising concerns about rising inflation as well as interest rates, while a separate reported showed one of the biggest drivers of the U.S. economy declined by the most in nearly a year.
Spot truckload rates for van, refrigerated, and flatbed freight set new records in January as capacity remained tight due to shipper demand and fallout from the electronic logging device mandate, according to load board operator DAT Solutions.
Trucking company Heartland Express Inc. on Monday reported higher profits for the final quarter of 2017 and for all of last year, but that was not enough to move its operating income higher.
Shifting populations in the U.S. could mean a change where you deliver freight, finds Business Contributing Editor Evan Lockridge.
The fourth quarter 2017 earnings reporting season continued on Thursday with another three fleets – Old Dominion Freight Line, Hub Group, and Radiant Logistics – reporting increased profits, due not only to more business and better rates, but also to tax reform.
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