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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 value of freight moved between the U.S. and its North American Free Trade Agreement partners posted its 12th consecutive year-over-year increase in October, according to newly released Transportation Department figures.
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National average spot van and refrigerated truckload rates ended 2017 at their highest point of the year as capacity tightened during the week ending Dec. 30. That’s according to newly released figures from DAT Solutions, based on its network of load boards, as the freight matching service provider also released its list of the top 10 hottest spot freight markets last year.
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Two readings of the nation’s manufacturing sector showed solid increases in December with one showing the strongest growth in nearly three years while another report showed construction spending hit a record high.
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While final economic numbers for 2017 have yet to roll in, economic growth was strong. Will it keep moving higher into the New Year? Analysis by Business Contributing Editor Evan Lockridge.
Read More →Uncertainty about tax reform was the likely culprit as a measure of consumer confidence retreated this month after hitting a 17-year high. However, expectations are the current quarter will show solid overall economic performance once more numbers start rolling in.
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National average spot truckload rates for van and refrigerated freight eased down from record highs during the week ending Dec. 16, according to DAT Solutions and its network of load boards.
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Existing-home sales moved higher for the third straight month in November and reached their strongest pace in almost 11 years, while new construction of single family homes surged to a 10-year high, according to two new reports.
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Trucking and parcel delivery company FedEx Corp. released on Tuesday its fiscal second quarter numbers showing significant hikes in both earnings and revenue.
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Navistar International Corp. reported on Tuesday that it returned to profitability as it wrapped up its 2017 fiscal year and final quarter.
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Newly released figures show truckload linehaul rates as well as those for intermodal shipments moved higher again in November, when compared to a year earlier. But they also showed declines from the month before.
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