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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.
U.S. private sector employers reported another month of strong job gains on Wednesday, two days ahead of a government report. With increases in consumer confidence, personal spending and wages, it adds up to talk of a hike in interest rates as soon as September.
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New Transportation Department figures show June marked the 18th consecutive month the total value of U.S. freight movements with North American Free Trade Agreement (NAFTA) partners Canada and Mexico declined from the same time a year earlier.
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A 0.9% decline in the number of available loads on the spot truckload freight market outweighed a 0.2% drop in truck postings for the week ending August 20, resulting in freight rates showing no improvements, except for areas in Louisiana affected by flooding, while fuel prices ticked higher.
Read More →A preliminary look at the nation’s manufacturing sector shows it continues to expand following a recent downturn. Separate reports show expectations of long-term economic growth have been moved lower and the housing market is suffering from low inventory levels.
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Truckload linehaul rates fell again in July from the same time a year ago, marking the fifth straight month of year-over-year declines, according to latest readings from the Cass Truckload Linehaul Index.
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Opinions vary about the effect on the U.S. of the surprise June vote by residents of the United Kingdom to leave the European Union, but you should be aware of some of the potential ramifications.
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A decline in the amount of freight on the spot truckload market coupled with an increase in the number of trucks needing cargo pushed rates down across the board, according to new weekly figures from DAT Solutions that are based on its network of load boards.
Read More →The output from the nation's factories, mines and utilities increased in July, the largest gain since November 2014, and there also are improvements in housing and e-commerce. But there is disagreement over what the latest inflation numbers mean for interest rates.
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Overall shipment volumes and pricing are persistently weak, with increased levels of volatility as all levels of the supply chain continue to try to work down inventory levels, according to the latest Cass Freight Index report.
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Average spot truckload dry van rates increased in July from June for the first time in six years, while July spot market freight availability caught up with 2015 levels for the first time this year.
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