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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.
Average national spot truckload rates remained at two year highs for the week ending June 17th as the number of posted loads dipped 1% and truck posts gained 8%, according to DAT Solutions and its network of load boards.
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Truckload linehaul rates showed further stability in May, according to newly released figures, while a separate report shows intermodal rates continue to expand.
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Political uncertainty could be partially to blame for some less-than-stellar economic reports, with show housing starts dropping, consumer confidence slipping, and industrial production stalled.
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Despite retail sales falling by the biggest amount in 16 months and a dip in consumer prices, the Federal Reserve raised interest rates on Wednesday for the third consecutive quarter as the central bank signaled its confidence in the U.S. economy.
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Average spot truckload freight rates jumped sharply for the second straight week in all three major equipment types while load-to-truck ratios also headed much higher for the week ending June 10, according to new figures from DAT Solutions and based on its network of load boards.
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A measure of total for-hire freight movements in the U.S. fell for the second straight month in April, according to a report issued Wednesday by Transportation Department.
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It’s been a long time since we’ve seen the number and size of trucking mergers and acquisitions like we have lately. HDT Business Contributing Editor Evan Lockridge spoke with Lana Batts at Transport Capital Partners to gain some perspective.
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Truckload line haul rates may finally be ready to turn around for the better following recent declines while intermodal rates continue their recent improvements, according to two new reports.
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U.S. job growth continued in May with unemployment hitting its lowest level in 16 years, likely paving the way for the Federal Reserve to hike interest rates again in a couple of weeks.
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Results from two surveys of the nation’s purchasing executives indicate manufacturing activity in the U.S. during May was nearly unchanged from the month before. Meanwhile, separate reports show construction spending eased, but consumer spending increased, resulting in hopes that the current quarter will be stronger for the overall economy than the previous one.
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