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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.
The 0.7% gain from the month before comes as figures for October were upwardly revised from an earlier reported 0.4% jump to a 0.6% increase. Year-over-year retail sales are up 4.7%.
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Van rates on the spot market surged the first week of December, according to the freight-matching service provider DAT. Total spot market loads available increased 16% and spot market capacity increased 5.2%, while load-to-truck ratios increased across the board.
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No sooner than had the average cost of diesel fuel had started heading higher it has reversed course, according to new U.S. Energy Department figures.
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Unemployment moved down in November to its lowest level in five years and with it trucking added the most jobs in several months.
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The broadest measure of health of the nation’s economy shows it expanded at an annual rate of 3.6% in the third quarter of the year, more than originally reported, according to the U.S. Commerce Department on Thursday.
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Sales of new homes on the United States skyrocketed in October, recording the biggest monthly increase in more than 30 years, according to a new U.S. Commerce Department report.
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Sales of new automobiles, light-trucks and SUV’s in the U.S. picked up their pace dramatically last month, hitting an annual rate of 16.4 million, far above the 15.3 million yearly rate in October and the best since early 2007.
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UPDATED -- Total construction spending in the United States hit a four and half year high in October, according to U.S. Commerce Department report released on Monday.
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The Federal Motor Carrier Safety Administration will consider additional applications for exemptions from the federal hearing standard prohibiting deaf truck drivers from interstate operations. The first 40 such individuals to receive these exemptions were approved in February.
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The average price of diesel continues moving higher, hitting its highest average cost since late October. The national average was up 3.9 cents from last week, to $3.883 per gallon, according to the U.S. Energy Department.
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