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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.
A gauge of the spot truckload freight market fell slightly last month but remained above levels from the same time the previous two years.
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The truckload, intermodal and logistics services provider Schneider National Inc. reported its first earnings since going public last month, showing a decline in profitability, while another company has revised its earnings, pushing it into the red.
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National average spot truckload rates for van, refrigerated, and flatbed freight rose during the week ending May 6, with van and reefer rates at their highest marks since January, according to DAT Solutions and its network of load boards.
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Flatbed carrier group Daseke Inc. has released its first earnings report since becoming a publicly traded company earlier this year. It shows that losses moved higher, but the company’s expectations remain high.
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After setting a new record high, a monthly gauge of freight moved by the nation’s for-hire transportation industry retreated, according to new Transportation Department figures.
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Unemployment in the U.S. has fallen again, hitting its lowest level in a decade but minus any contribution from trucking in April, according to a new report released Friday. Meanwhile, a separate report shows some improvements in the nation’s struggling manufacturing sector.
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The parent company to less-than-truckload carrier ABF Freight and others saw its first quarter losses grow despite healthy shipment growth and improved pricing, while a truckload carrier saw lower profits but beat expectations.
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Financial losses for YRC Worldwide Inc., parent to both national and regional less-than-truckload carriers, more than doubled in the first quarter of the year despite a small upturn in revenue.
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The final week of any month usually means a bump in freight activity as shippers move goods prior to closing their books. However, the number of loads posted on the DAT network of load boards edged up just 2% for the the week ending April 29, according to DAT Solutions.
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One of the biggest names in trucking reported first quarter earnings this week showing it had turned its fortunes around for the better, while losses grew at another fleet and a third’s financial problems were surrounded not only by questions of its accounting practices but also about its long-term survival.
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