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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.
There are largely overlooked nuggets of information buried in the numbers about the economy and trucking that could be the most telling sign of where conditions are headed, writes Evan Lockridge in his Econ Watch column from the March issue of Heavy Duty Trucking magazine.
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Despite an increase freight volume during February, a measure of the total strength of the truckload spot freight market declined from the month before due to softer rates, according to the freight matching service provider DAT Solutions.
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Job growth in the U.S. posted another healthy gain in February, according to a new Labor Department report, leading many analysts to predict an interest rate hike by the Federal Reserve when it meets next week.
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Spot truckload freight volume jumped 17% for the week ending March 4 compared to the previous week while rates responded with the first week-over-week increase in national averages in more than a month, according to DAT Solutions and its network of load boards.
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While the amount of freight moved by the nation’s for-hire transportation sector was unchanged in January from December, according to a new Transportation Department report, it did manage a slight increase from the same time a year ago.
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Navistar International Corp. on Tuesday announced its financial losses in the first quarter of 2017 nearly doubled from the same time a year ago due to lower truck volume and softer Class 8 truck sales.
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An increase in new factory orders is one of the latest economic signs that the Federal Reserve is moving close to another jump in interest rates, some analysts believe.
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Economic activity in the nation’s manufacturing sector continued expanding in February, according to two surveys of the nation’s purchasing managers. One report shows conditions are the best in two years while the other indicates things are slightly cooler than they were at the beginning of 2017.
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Spot truckload freight volumes improved a bit during the week ending Feb. 25 thanks to a 7% gain in flatbed load posts, according to DAT Solutions and its network of load boards, but rates were virtually unchanged.
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The widest measure of the nation’s economy performed as first estimated in the final quarter of last year despite a jump in consumer spending, according to a new assessment released Tuesday. Meanwhile, orders for long-lasting durable goods rebounded somewhat in January.
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