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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.
New orders for big-ticket durable goods fell in July by the most in nearly three years, while the market for existing home sales cooled following a drop in new home sales.
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Spot truckload freight rates moved slightly lower for the second week in a row as freight volume remained strong, according to the freight matching service provider DAT Solutions.
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The value of freight moved between the U.S. and its North American Free Trade Agreement partners Canada and Mexico increased in June for the eighth consecutive month, according to new Transportation Department figures, though the hike for trucking was less than most other modes.
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A first look at business conditions in the U.S. manufacturing sector for August showed it continued to improve, though at a slightly weaker pace, while a separate report shows the volatility of the new home market.
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New economic reports this week paint a picture of a U.S. economy that continues to gain momentum following a slow start to the year, due in part to increased e-commerce – despite some bumps in the road for manufacturing and housing.
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One of the biggest drivers of the U.S. economy shifted into high gear in July, posting its biggest gain in seven months, according to a new Commerce Department report.
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Boosted by continuing retail sales growth, August is expected to be the busiest month on record for imports at the nation’s major retail container ports and 2017 is on track to set a new annual high, according to the monthly Global Port Tracker report released Friday by the trade group the National Retail Federation (NRF) and the consulting firm Hackett Associates.
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One of the largest owners of flatbed and specialized trucking services providers moved from a profit to a loss in the second quarter of the year while reporting its second straight quarterly loss since becoming a publicly traded company early in 2017.
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After hitting a new record high in May, a measure of the amount of freight moved by the nation’s for-hire transportation industry declined in June, according to new Transportation Department figures.
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We’re supposed to be in the dog days of summer but spot market truckload freight volumes are still higher than any month except June while August had a stronger start than any month in more than a year and a half, according to DAT Solutions and its network of load boards.
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