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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.
Flatbed and specialized trucking company operator Daseke Inc. moved back into the black during the third quarter after reporting a loss during the same time in 2016.
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The availability of spot truckload freight gained 4.8% and the number of trucks posted slipped 3.2%, while rates remained unseasonably high, for the week ending Nov. 4, according to DAT Solutions and its network of load boards.
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A measure of the amount of freight moved by the nation’s for-hire transportation industry reached another all-time monthly high in September, according to newly released figures, rising 0.2% above the previous highest level hit a month earlier.
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Trucking giant Schneider National Inc. on Tuesday reported increased costs and severe weather in parts of the country kept its third quarter profit from rising significantly when compared to a year earlier.
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Truckload and logistics provider Knight-Swift Transportation Holdings Inc. released third quarter earnings on Monday that showed a big drop in profit compared to a year ago, but the numbers do not paint an entirely accurate picture following the merger of the two truckload companies.
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Employers added another 261,000 non-farm jobs to the nation’s payrolls in October, but none were from trucking, according to a Labor Department report. A separate report showed another good month for the nation’s factories.
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Trucking and logistics provider ArcBest reported third quarter numbers showing net income improved a little more than 14.5% to $14.8 million, or 56 cents per share, 2 cents below Wall Street expectations.
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Trucking and logistics provider XPO Logistics Inc. on Wednesday reported income and revenue hit a record-high of any quarter during the third quarter of 2017. C.H. Robinson and Hub Group, however, did not fare as well.
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The availability of spot truckload freight dipped 1.8% while the number of trucks posted fell 2.4% during the week ending Oct. 28, according to DAT Solutions and its network of load boards.
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The nation’s manufacturing sector continued growing over an array of industries last month, though there is a bit of disagreement as to how fast it is expanding, following the release of two reports.
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