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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. retail sales rose a stronger-than-expected 0.5% in May from the month before, building on a strong April gain, which could lead to better expectations of overall second quarter economic growth.
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While spot truckload freight rates showed some improvements in May from the month before, they remain below levels from a year earlier, according to new figures released by the freight matching service provider DAT Solutions.
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Rates on the spot truckload freight market turned higher over the past week amid optimism the usual seasonal bump in the spring and early summer has finally arrived, according to the freight matching service provider DAT Solutions.
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Following two straight months of declines, the amount of freight moved by the nation’s for-hire transportation industry turned around in April, according to new U.S. Transportation Department figures, rising 1.3% from the month before, posting the largest increase since March 2014.
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National average truckload van and flatbed rates each rose a penny on increased demand for freight hauling services during the week ending May 28 compared to the previous week, according to DAT Solutions and its network of load boards.
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Trucking and four other transportation modes carried less U.S. freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in March 2016 compared to a year earlier, according to a new Transportation Department report.
Read More →Despite the nation’s gross domestic product in the first quarter of the year moving higher than first thought, growth remains at its lowest level since the first quarter of 2015, according to a Commerce Department report released Friday. Yet a separate survey shows this has yet to damper consumers’ feelings.
Read More →Orders for long-lasting manufactured durable goods surged in April, but the hike is a bit deceptive if you don’t dig below the surface of Commerce Department numbers.
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Spot truckload freight rates and volume both saw no improvements for the week ending May 21 compared to the previous week, according to DAT Solutions and network of load boards. However, load-to-truck ratios increased and diesel prices have been rising sharply, an indication that spot rates may pick up soon.
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The upcoming harvest season for nuts is expected to get increased attention from cargo thieves in 2016, following big jumps in stealing the previous two years.
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