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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.
Profits for multi-modal freight transportation provider J.B. Hunt Transport Services fell a little more than 8% in the third quarter of the year despite increased revenue, with increased driver recruiting and retention costs part of the reason.
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Retail prices recorded their biggest hike in eight months in September, according to a new report, while separate ones show the best improvement in retail sales in more than two years amid consumer sentiment hitting its highest level since 2004.
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The amount of freight moved by U.S. for-hire transportation providers hit an all-time high again in August, according to Transportation Department figures, after breaking the previous record the month before.
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Spot truckload rates hit multi-year highs during the week ending Oct. 7, according to DAT Solutions and its network of load boards, as the number of available loads fell.
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Trying to narrow down the single, biggest point made at the annual FTR Transportation Conference would be a fool’s errand. The event was content rich, covering everything from the economy and freight to equipment and everything in between. Business Contributing Editor Evan Lockridge found three takeaways.
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The nation’s unemployment rate dipped in September, while overall and trucking employment changed little, as factory orders, including those for core capital goods, rose in August.
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The number of available loads on the spot truckload freight market jumped 5.4% for the week ending Sept. 30 while tight capacity moved freight rates higher, according to new numbers from DAT Solutions and its network of load boards.
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Trucking along with the other four major freight modes moved more cargo by value with North American Free Trade Agreement partners Canada and Mexico in July when compared to a year ago, according to new Transportation Department figures.
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Manufacturing activity in the U.S. turned higher in September, hitting its highest level in 13 years, according to newly released survey results of supply executives. A separate report showed construction spending rebounded after two straight monthly drops.
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The number of available loads on the spot truckload freight market rose as freight rates moved higher again for the week ending Sept. 23, according to new figures from DAT Solutions and its network of load boards.
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