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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.
Spot truckload freight rates surged for the week ending July 8 as the number of posted loads decreased 34% and truck posts slipped 19%, according to DAT Solutions and its network of load boards.
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July and August should be two of the busiest months ever seen for imports at the nation’s major retail container ports, possibly setting a new record as merchants enter the back-to-school season and begin to stock up for the holiday season that will follow, according to a new forecast from the National Retail Federation, a retail trade association.
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The number of job gains showed no signs of easing up in June, as the Labor Department reports strong additions, with hiring better than previously estimated.
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There are conflicting reports on activity in the nation’s manufacturing sector. One report says it moved into high gear in June, hitting a near three-year high, while a separate one indicated conditions were the weakest since last September.
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It seems just as soon as one report comes out saying there are indications the economy (and trucking) continues to get better, another follows that seems to point the other way, says business contributing editor Evan Lockridge in his July column.
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The U.S. economy grew faster in the first quarter of the year than earlier estimates indicated, according to a Commerce Department report released Thursday, but there’s little optimism there the second quarter will show a big surge.
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The number of posted loads gained 2.5% while truck posts dipped 1.2% on the spot truckload market during the week ending June 24, according to DAT Solutions and its network of load boards.
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A preliminary report released Monday showed a drop in a key benchmark for future business spending, as total orders and shipments of durable goods were mixed, according to the Commerce Department.
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A first look at the nation’s manufacturing sector this month shows conditions have hit a nine-month low, while home sales have roared back amid near-term expectations the overall economy will continue with a moderate expansion.
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The value of freight moved between the U.S and its North American Free Trade Agreement partners Canada and Mexico moved higher in April for the sixth straight month, but trucking's share fell, according to new U.S. Transportation Department figures.
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