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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.
First quarter earnings for trucking company Heartland Express Inc. edged lower from the same time a year ago as revenue posted a significant decline, according to figures released Friday by the company.
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There are good indications the U.S. economy will further strengthen following recent reports that conditions slowed a bit in the first quarter of the year and at the beginning of the second quarter.
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Profit for trucking and logistics provider Werner Enterprises Inc. fell 20% in the first quarter of the year compared to the same time in 2016 while refrigerated carrier Marten Transport Ltd. reported the same earnings as a year ago.
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A measure of industrial production in the U.S. moved higher despite an easing in manufacturing, while the housing market also gave up some recent gains, according to reports issued Tuesday.
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The first quarter earnings reporting season for trucking kicked off on Monday morning when multi-modal freight transportation provider J.B. Hunt Transportation Services Inc. released numbers showing slight improvements from the same time a year ago.
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What does last month's interest rate hike by the Fed mean to trucking? Evan Lockridge explores the question in his monthly HDT Econ Watch column.
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Retail sales fell for the second straight month during March, according to the Commerce Department on Friday. Separate reports showed consumer prices declined – but there are expectations that retail imports will continue to grow as the overall economy expands.
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A monthly gauge of the spot freight market moved sharply higher in March, according to the freight matching service provider DAT Solutions, marking the first month-over-month increase of the year as shippers ramped up activity.
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A measure of U.S. for-hire freight movements set another record high in February, according to new Transportation Department figures released Wednesday, following no change the month before.
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Spot truckload freight rates posted impressive gains the first week of this month despite a small but typical decline compared to the week before, according to DAT Solutions and its network of load boards, as shippers rushed to move cargo before closing their books on the first quarter.
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