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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.
This happened as total load volume on the spot market increased 7.2% with truck capacity up by 6.4%.
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The U.S. Federal Reserve on Wednesday announced it would further reduce a stimulus program for the nation’s economy and is leaving interest rates unchanged.
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The U.S. Labor Department reports the Consumer Price index increased 0.1% in February from the month before, the smallest hike since last October, while gaining just 1.1% over the last 12 months.
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Manufacturing increased 0.8% compared to the month before, nearly erasing a 0.9% decline in January, which the Fed attributed to extreme weather.
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The average cost of diesel moved lower over the past week, but is still above the $4 per gallon level for the fourth straight week.
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Prices at the wholesale level fell in February, according to a U.S. Labor Department report released Friday, leaving little worry that inflation is a problem.
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Diesel fuel prices, which averaged $3.92 per gal in 2013, are projected to average $3.85 this year.
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The average cost of diesel has resumed heading higher, after taking a one-week break, hitting its highest price in nearly a year, according to new U.S. Energy Department figures.
Read More →UPDATED -- Consumers opened their wallets a little more in January than they did in December, according to new figures from the U.S. Commerce Department.
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After moving higher for five consecutive weeks, the average cost of diesel is down, but only barely.
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