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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.
National average spot truckload rates for refrigerated and flatbed freight increased during the week ending May 27 while the rate for van freight slipped due to a lower fuel surcharge, despite strong freight volumes.
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Growth in the U.S. economy during the first quarter didn’t slow as much as first estimated, according to government numbers released Friday, while separate reports showed weaker factory activity but continued high consumer sentiment.
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National average spot truckload rates for van and flatbed freight rose during the week ending May 20 while the refrigerated freight rate remained at its highest mark since January, reported freight matching service provider DAT Solutions.
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Sales of both existing and new homes fell in April, according to two separate reports, as the nation’s home supply continues tightening.
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A surge seen early this year in the nation’s manufacturing sector continued to lose steam this month, hitting an eight-month low.
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The value of freight moved between the U.S. and its next door neighbor countries has spiked as all five major transportation modes carried more cargo in March compared to the year before, according to new Transportation Department figures.
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The national average spot rate for refrigerated truckload freight gained 2 cents for the week ending May 13 for $1.99 per mile, the highest weekly average rate in four months, according to new figures released by DAT Solutions and based on its network of load boards.
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Industrial production in the U.S. rose in April more than expected and by the fastest rate in more than three years, according to a new report issued Tuesday. Meanwhile, separate reports show e-commerce continues to boom but the building of new homes fell for the second straight month.
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Retail sales in the U.S. bounced back in April after falling the month before as two readings of inflation also rebounded, all raising the prospect that the Federal Reserve will increase interest rates again in June.
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GDP doesn't always tell the whole story of trucking's economic climate. That's why MacKay & Company developed its proprietary measure, Truckable Economic Activity, reflecting the portion of the GDP that spends its time in trucks.
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