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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 first look at the nation’s manufacturing for this month shows business conditions improved just a little from the previous month, remaining strong, while a separate report showed that although new homes sales fell last month, they posted a double-digit gain compared to a year ago.
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The Cass Truckload Linehaul Index continued the acceleration that began in 2017 by posting a record 8.2% year-over-year increase, with the measure hitting a reading of 134.8.
Read More →A measure of where the economy is headed turned positive for the sixth consecutive month, according to a new report, as a separate one showed another big gain in e-commerce retail sales.
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Industrial production rose again in April for the third consecutive month, according to Federal Reserve figures issued Wednesday, while separate reports show a decline in new home sales and a smaller gain in retail sales.
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One of the nation’s largest third-party logistics providers, C.H. Robinson grew its first quarter profit and revenue by double digits – and less-than-truckload carrier Saia reported growth by larger margins.
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The spring shipping season may be late, but it's here, especially in produce-distribution markets, according to the spot freight information reported by the DAT network of load boards.
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Spot truckload freight volume had the strongest April on record, despite slipping 6.8% lower, a common seasonal trend, according to newly released figures from the DAT North American Freight Index.
Read More →A newly released report showed consumer sentiment this month remained at the same level it was a month earlier but it’s still high, while separate reports indicated inflation remains rather tame.
Read More →Not all carriers are riding high on the current trucking business environment. While a major less-than-truckload player turned a profit following a loss a year earlier, a major flatbed and specialized carrier trimmed its losses compared to a year ago, while a third-party logistics provider was barely in the black.
Read More →Spot truckload freight rates moved higher in all three categories over the past week, according to the freight matching services provider DAT Solutions, amid an increase in loads and a decline in truck capacity.
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