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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 increasing signs the U.S. economy is gaining momentum in the first quarter of the year with gains in home sales and consumer confidence, but it is also fueling speculation that interest rates could head higher as soon as next month.
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The value of freight moved between the U.S. and its border neighbors increased in December for the third time in five months following a string of declines, according to new figures released Thursday by the Transportation Department.
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Spot truckload freight rates appear to have stabilized after flatbeds trended slightly higher the past few weeks while vans and reefers moved downward, according to new figures from the freight matching service provider DAT Solutions.
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XPO Logistics moved well into the black for the fourth quarter and full year 2016, with a number of fourth-quarter metrics setting company records as strong e-commerce offset weak intermodal numbers.
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Intermodal rates rose in January by the largest amount in more than two years, while truckload linehaul rates retreated, according to one measure.
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A preliminary look at economic conditions in the U.S. manufacturing sector during February shows they improved at a slightly slower pace than the 22-month peak seen during January.
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Three new economic reports add to increasing evidence the U.S. economy will have a better overall first quarter of the year than the final three months of 2016.
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The flatbed market continued to be the brightest of the three major spot truckload sectors last week, according to new numbers released by DAT Solutions, based on activity from its load boards.
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Retail sales, one of the largest drivers of the U.S. economy, advanced in January, pointing to increased overall growth in the first quarter of the year. At the same time, prices on the retail and wholesale level posted big gains, and the manufacturing component for industrial production ticked higher.
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A measure of the spot truckload freight market edged downward in January as the level of freight settled into a typical post-holiday pattern, though at significantly elevated levels compared to this time last year.
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