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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.
Data suggests that freight rates for truckload linehaul and intermodal movements may finally be headed higher, after being frozen in lower territory the last couple of years, says Business Contributing Editor Evan Lockridge in his February Hotline column.
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A 7.7% gain in spot truckload freight volume and a 2.1% dip in capacity were not enough to buoy spot truckload rates during the week ending Feb. 4, according to DAT Solutions and activity from its network of load boards.
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The parent to less-than-truckload carrier ABF Freight and other trucking and logistics operations reported that its fourth quarter net income fell in both the final quarter of 2016 and all of last year.
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The amount of for-hire freight moved across multiple transportation modes increased 1% in December from the month before, marking the third consecutive monthly gain, according to the Transportation Department.
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Intermodal freight volumes returned to growth in the fourth quarter of 2016, posting a 1% year-over-year increase that tempered volume declines earlier the year, according to the Intermodal Association of North America.
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Employers in the U.S. continue to add people to their payrolls at a healthy pace, and there is mounting evidence that the nation’s manufacturing sector is coming out of the doldrums.
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Two less-than-truckload fleets and a multi-modal and logistics provider reported slightly lower fourth quarter earnings.
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The parent company to names such as Freightliner, Western Star, and Mercedes reported the best year in the company’s history, and it's expanding investment in research and development, focusing on "digitization," autonomous tech and connectivity.
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Fleet earnings reported this week so far are varying widely, ranging from record numbers at one carrer to another barely eking out a profit, and one carrier delayed in reporting due to an investigation into its accounting practices.
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Spot truckload freight volume continued a seasonal decline, falling 12% for the week ending Jan. 28 compared to the previous week, but overall rates moved little, according to DAT Solutions and its network of load boards.
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