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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.
How fleets think about equipment, electronic logging devices and even the future of autonomous vehicles were in the spotlight Wednesday afternoon at the annual FTR Transportation Conference in Indianapolis, as three trucking fleet people spoke on a panel about the challenges they face in today’s uncertain trucking environment.
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The level of for-hire freight shipments in the U.S during July hit another record high, according to new Transportation Department figures, eclipsing two previous records set just earlier this year.
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In the early 1990s, it was common to hear economists define a healthy economy as one with gross domestic product growth of around 3% annually.These days, when growth gets close to that “magic number,” it’s greeted with a yawn — and it shouldn’t, says business contributing editor Evan Lockridge.
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"Sometimes growing stronger is also the next thing that leads to the next recession." Dr. Larry Davidson, professor emeritus of business economics and public policy at Indiana University’s Kelley School of Business, talked about "secular stagnation" at the FTR Transportation Conference.
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In Hurricane Harvey's wake, the rearrangement of supply chains, the difficulty of shipping in the flooded region, and a tightening spot market pushed spot freight rates higher on 78 of the top 100 van lanes in the country.
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Navistar International Corp. on Sept. 6 that it rolled back into the black during its fiscal third quarter with a profit of $37 million, although it would have been higher had it not been involved in litigation over its earlier model engines.
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An indicator of business spending surged in July despite a big drop in total factory orders, according to final numbers released Tuesday by the Commerce Department.
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Job growth slowed in August, according to government numbers released Friday, while other economic reports showed manufacturing hitting a six-year high as total construction spending unexpectedly slowed – and consumers are in the best mood since 2000.
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The widest measure of the health of the American economy was revised higher for the second quarter of the year, hitting its best pace in two years, while separate reports show hiring and consumers' feeling about the economy remain strong.
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While Hurricane Harvey hit on Friday, Aug. 25, its effect on supply chains and spot truckload rates won’t be fully reflected until a week later, according to freight matching service provider DAT Solutions, which reported spot truckload rates were stable for the seven day period ending Aug. 26.
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