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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.
Some are predicting the Amazon-Whole Foods acquisition will be a game-changer but it may not be as big of a deal for trucking as we think, says Business Contributing Editor Evan Lockridge in his August Hotline column.
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Newly released U.S. Transportation Department figures show all but one of the major freight modes have grown since the end of the Great Recession, with trucking posting the second-highest increase.
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Employers in the U.S. continued adding a strong number of jobs in July, while separate reports show better exports and factory orders.
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Profit for less-than-truckload provider YRC Worldwide Inc. fell nearly 30% in the second quarter from a year earlier, despite increased tonnage per day moved at both its national and regional operations. Heartland Express saw profit and revenue drop, though its operating ratio was the best in two years.
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Total intermodal freight volumes gained 4.5% in the second quarter of the year, the strongest growth in nearly three years, according to new figures from the Intermodal Association of North America.
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XPO Logistics' profit during the second quarter was 11.7% higher than a year ago, as a separate report said the company is looking to greatly expand its business in the next year or two. In contrast, USA Truck saw its second quarter loss more than double as revenue declined.
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An unusual surge of truckload freight led to higher-than-normal volume on the spot market for the week ending July 29, according to DAT Solutions and its network of load boards, but it failed to turn into any substantial rate increases.
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U.S. manufacturing activity in July remained solid, according to two reports issued Tuesday while separate ones showed overall construction activity in the U.S. eased as consumer spending and personal incomes barely improved.
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Trucking, intermodal and logistics services provider Schneider National Inc. on Tuesday reported its second quarter profit increased 5.2% from a year earlier while revenue improved 8.1%.
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A rise in the value of cross-border trucking freight between the U.S. and the other two North American Free Trade Agreement partner counties helped push total value of commodities higher for the seventh straight month in May, according to a new Transportation Department report.
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