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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.
Activity in the nation’s manufacturing sector continued to throttle back in April from a near two-year peak earlier in 2017, but it continues to expand. Separate reports show drops in consumer spending and construction, but analysts remain generally optimistic about the entire year.
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Mainly less-than-truckload carrier Saia Inc. saw its profit move higher in the first quarter of the year while multi-trucking service provider Universal Logistics Holdings Inc. saw lower net income despite more revenue.
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The U.S. economy grew at the weakest rate in three years during the first quarter of 2017, according to an advanced estimate by the Commerce Department, but economists remain optimistic about future performance.
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New orders for long-lasting durable goods increased less than expected during March, according to a new Commerce Department report, but business investment on equipment appears to be solid following the rut it was in for nearly a couple of years.
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At a time when many publicly held trucking companies are reporting lower, if not sharply lower, first quarter profits, one stood out among the herd of numbers released Wednesday while another saw a slight improvement in earnings.
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Earnings for German truck and auto maker Daimler AG doubled in the first quarter of the year, despite lower sales of its trucks.
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National average spot truckload rates for van, reefer, and flatbed freight all held steady for the week ending April 22, while prices in many major freight markets continued a slow springtime climb, according to DAT Solutions and its network load boards.
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Earnings for truck makers moved higher in the first quarter of the year, with three on Tuesday showing big improvements from the same time in 2016.
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Profits for two trucking operations in the first quarter of the year fell dramatically, both saying they battled a tough pricing environment and excess capacity.
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Truckload linehaul rates struggled in March, according to a recently released measure, while intermodal rates moved higher for another consecutive month.
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