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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.
Two major trucking companies on Monday announced huge increases in their earnings for the final quarter of 2017 and for all of last year, both due to changes made by Congress in federal tax laws.
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A measure of the nation’s freight market showed gains in both spending and shipments during the fourth quarter of 2017, but the strength of the advances differed widely.
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The nation’s overall economic performance slowed in the final quarter of last year but turned in better performance for all of 2017 than it did for all of 2016, according to new Commerce Department figures.
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Refrigerated trucking company Marten Transport Ltd. on Thursday reported sharply higher profits for the final quarter of 2017 and for the full year.
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There is increasing evidence that the supply of trucks available to move freight is outpacing demand, based on a flurry of recently released reports – but it’s also helping push freight rates higher. What's behind the capacity crunch?
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An increase in the price of crude oil is largely responsible for another jump in the value of freight moved between the U.S. and its two North American Free Trade Agreement partners, according to new U.S. Transportation Department figures.
Read More →A barometer of where the U.S. economy is headed over the next several months showed it continued to increase, according to a report released on Thursday, while a separate one revealed sales of new homes in the U.S. tumbled in the final month of last year but improved for all of 2017.
Read More →Manufacturers reported a strong start to 2018, with production volumes and incoming new work both rising at faster rates than seen at the end of last year. A separate report showed while existing home sales improved last year, they ended 2017 on a lower note.
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National average spot van and flatbed rates fell slightly and the refrigerated rate was unchanged during the week ending Jan. 20 as there were fewer loads and an increase in truck capacity, according to DAT Solutions and its network of load boards.
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A measure of truckload linehaul rates has hit a new record high while a separate gauge of intermodal shipping rates showed it posted its 15th straight increase.
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