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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.
The U.S. manufacturing industry kicked off the year with its strongest performance in two years, according to a new report, while a separate one about the sector plus others regarding employment, personal spending and incomes all points to increased economic growth.
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The parent company to truck and engine manufacturers Volvo and Mack on Wednesday reported sharply higher income for the final quarter of 2016. However, the Bulldog brand last year reported its weakest number of deliveries in several years.
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Despite increased revenue and freight volume, parcel delivery and trucking company UPS Inc. on Tuesday reported a loss in the fourth quarter of 2016.
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Earnings for trucking and logistics company Werner Enterprises Inc. took a bit of a dive in not just the final quarter of last year but for all of 2016 as it said it continued to make a significant investment in its business.
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The widest measure of U.S. economic growth slowed in not just the final quarter of last year but for all of 2016. However, that performance wasn’t so much due to weakness here at home.
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Earnings reports from three more trucking fleets rolled in late Thursday afternoon, all showing lower earnings in the fourth quarter compared to the same time a year ago.
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After an 18% gain the previous week, spot truckload volume retreated 14% for the week ending Jan. 21 as rates declined in two of the three different sectors, according to DAT Solutions.
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The U.S. manufacturing sector had a solid start to 2017, with overall operating conditions improving at the quickest pace for nearly two years, according to a preliminary report from IHS Markit.
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Three measures of freight activity and spending were mixed, according to new figures, but the outlook for their performances has improved, according to Cass Information Systems.
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Newly released figures show the value of cross-border freight moved between the U.S. and its neighbors directly to the north and south increased in November for the only the second time in nearly two years, but trucking had the smallest gain.
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