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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 amount of output from the nation’s factories, mines, and utilities posted its third straight monthly increase in November, according to newly released figures, while separate reports showed manufacturing increasing even more last month while retail sales are surging.
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A measure of the amount of freight moved by the nation’s for-hire transportation industry rebounded to another record high in October, according to new Transportation Department figures, following a decline the month before.
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The national average spot truckload van rate increased 1 cent to $2.10 per mile during the week ending Dec. 9, touching a three-year high, according to DAT Solutions and its network of load boards.
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The U.S. economy added another 228,000 non-farm jobs in November, aided by job gains in the trucking industry, according to a Labor Department report released Friday.
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If you want to know how your trucking operation is stacking up against other freight shipping businesses, there is a new barometer available, U.S. Bank's Freight Payment Index, and it offers some features that have not been seen before, says business contributing editor Evan Lockridge in his December Hotline column.
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Spot truckload freight volumes surged after Thanksgiving, as the number of loads posted on the DAT network of load boards jumped 64% for the week ending Dec. 2, according to newly release figures.
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Manufacturing activity in the U.S. remains strong, despite small declines recorded in three reports, while the construction sector posted its biggest gain in nearly half a year.
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Total U.S. economic activity in this year's third quarter increased more than originally estimated, according to revised numbers issued Wednesday by the Commerce Department.
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While the short Thanksgiving workweek meant fewer loads and trucks posted on the spot truckload freight market demand for capacity boosted van and refrigerated freight rates, according to DAT Solutions and its network of load boards.
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The Monday after Thanksgiving, nicknamed Cyber Monday, was the largest online shopping day in history for U.S. retailers, with $6.59 billion worth of goods sold – a 16.8% increase from the year before.
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