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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.
Consumers are feeling less upbeat, due to uncertainty about economic conditions following the tax overhaul recently signed into law, according to a new report. Meanwhile the level of new home construction last year was the best in a decade despite a December decline.
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Trucking, intermodal and logistics services provider J.B. Hunt Transport Services Inc. kicked off the fourth quarter 2017 and full-year earnings season in the trucking industry on Thursday when it reported big gains in profits for both periods, due in large part to the recent tax law changes approved by Congress late last year.
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A surge in industrial production for December exceeded expectations, but the strength was largely a function of a weather-related utilities spike. A separate report showed a lot of optimism remains when it comes to the market for newly built homes.
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National average spot truckload rates declined as the number of available trucks jumped 52% during the week ending Jan. 13, according to DAT Solutions and its network of load boards, however van, refrigerated, and flatbed freight rates remain higher than at any point in 2017.
Read More →Retail sales ended 2017 on a high note, while price inflation at both the retail and wholesale levels are of so little threat to the economy, some analysts are wondering if they will keep a lid on planned interest rate hikes.
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The amount of freight moved by the U.S. for-hire transportation industry hit a second consecutive all-time high in November, according to new Transportation Department figures.
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Amid extreme weather and tight capacity, national average spot truckload rates saw double-digit increases during the week ending Jan. 6, according to DAT Solutions and its network of load boards.
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The outlook for national average on-highway diesel prices is for them to be higher this year and in 2019 than they were last year and in 2016, but they should at least be fairly stable during this time, according to the latest Short Term Energy Outlook from the U.S. Energy Department.
Read More →Imports at the nation’s major retail container ports grew 7% during 2017 over 2016 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season, according to new Global Port Tracker figures released by the National Retail Federation, a retail trade association, and Hackett Associates, an international maritime consulting, research and advisory firm.
Read More →The number of overall job additions in the U.S. slowed in December as the trucking industry shed some positions, while separate reports show a bit of softening in the factory sector, amid a new concern about the overall economic performance in the final part of 2017.
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