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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 sector crept closer to contracting in May, while new homes sales in April hit their highest level in more than eight years.
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The number of truck cargo thefts in the U.S. increased in the first quarter of the year but the average value of each heist declined, according to a new report from the logistics security services provider FreightWatch International.
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The third party logistics and multi-modal transportation services company Radiant Logistics Inc. reported on Monday afternoon it swung from a profit to a loss in the first quarter of the year despite a 54.2% increase in net revenue.
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The amount of North America freight shipments and freight spending remain below levels from a year ago despite monthly gains, according to the latest Cass Freight Index report, and there is a concern conditions could get worse.
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A measure of per-mile truckload linehaul rates declined again in April along with a separate gauge of intermodal shipping costs. And there is little to no indication conditions will soon improve.
Read More →One of the biggest drivers of the American economy is showing renewed signs of life as consumers seem to be more upbeat following a sluggish first quarter. However, an economic drag on trucking remains stubbornly high as prices at the wholesale level turned slightly higher.
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The amount of freight moved by the nation’s entire for-hire transportation industry declined for the second straight month in March, hitting its lowest level since March 2014, according to U.S. Transportation Department figures released on Wednesday.
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Truckload rates on the spot freight market increased sharply in two of the three equipment types during the first week of May, according to new figures released by DAT Solutions and based on its network of load boards.
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Two separate measures of spot market truck freight volume turned lower in April following an improvement the month before.
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Lower fuel prices propelled truckstop operator TravelCenters of America from a profit to a loss in the first quarter of the year, but that’s not keeping it from going ahead with expansion plans.
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