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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.
Despite the biggest jump in consumer prices in six months and the first hike in wholesale prices in three months, inflation remains tame, according two new reports.
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It’s back to the negotiation table for the financially troubled parent of several trucking companies, YRC Worldwide, following Teamsters Union employees voting down a contract extension.
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Activity on the spot market skyrocketed the first full week of the year, according to new figures from the freight-matching service provider DAT, but rates lagged.
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American consumers opened up their wallets a little bit more in December, according to new figures from the U.S. Commerce Department.
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Despite record setting cold weather in the U.S. last week, which can send fuel and oil prices soaring, diesel and crude prices are down.
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While new figures show the nation’s unemployment rate has fallen to its lowest level since October 2008, job growth in December was the slowest in nearly three years.
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After settling an $85 million class action lawsuit in November over allegations it bilked trucking customers out money in the form of rebates from fuel purchases, truckstop chain Pilot Flying J has settled separate litigation brought by one trucking company.
Read More →Teamsters Union truck drivers and other workers at the parent of less-than-truckload carriers, YRC Worldwide, have rejected the company’s proposal that would have extended and modified the existing labor contract until 2019, putting the company in jeopardy of having to file for bankruptcy.
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Rates in the three major categories on one of the nation’s leading spot markets for freight increased or held steady over the past week, according to newly released figures.
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Expect the cost of on-highway diesel to average $3.81 per gallon this year, 11 cents less than 2013’s average price. The new monthly U.S. Energy Department Short-Term Energy Outlook is calling for the price to be even less in 2015, averaging $3.72 per gallon.
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