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Former Business Contributing Editor
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.
U.S. Economic activity in the manufacturing sector expanded in August for the 15th consecutive month, hitting its highest level since March 2011, according to the nation's supply executives.
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Consumers unexpectedly backed off on personal spending in July by just a bit, while income moved slightly higher, according to a new U.S. Commerce Department report, raising concerns that wages are not keeping up with household needs.
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UPDATED -- The U.S. gross domestic product increased at an annual rate of 4.2% in the second quarter of the year, according to a second estimate released Thursday by the U.S. Commerce Department -- its best pace since the third quarter of last year.
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The summer doldrums appear to have kicked in on the spot freight market, with rates barely moving for the second straight week, according to the freight matching service provider DAT.
Read More →If you have been enjoying the recent drop in fuel prices, expect it to continue into next year, according to the U.S. Energy Department’s latest Short Term Energy Outlook.
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UPDATED -- Shipments and new orders for manufactured durable goods continue moving higher, with both hitting record levels -- but the numbers may not be as bright as they seem.
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New home sales in the U.S. declined in July, according to the Commerce Department, falling for the second month in a row and hitting a four-month low.
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The latest measure on the condition of the U.S. economy and where it's heading shows improvement again, according to the private research group The Conference Board.
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The amount of freight available on the spot market remained stable over the past week, while rates have improved little if any, according to freight matching service provider DAT -- but things could turn around soon.
Read More →Massive rain, described by some media outlets as “historic,” has hit the Detroit area, leading to flooding and closed roads, including many interstate routes.
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