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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 number of jobs added in March grew by another healthy pace, but not in trucking, while the nation’s manufacturing sector ended months of declining factory activity and overall construction fell slightly in February, according to the latest economic reports released Friday.
Read More →Private sector employment increased by 200,000 jobs from February to March, according to the latest National Employment Report from payroll processor ADP, while the mood of consumers has improved, with spending and incomes seeing modest gains.
Read More →Growth in the overall American economy in the final quarter of last year improved by double the government's initial estimate, according to a U.S. Commerce Department report released Friday. A separate reports shows the country’s manufacturing sector is still sluggish but housing continues to do well.
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Trucking posted the smallest decrease of the five major transportation modes when it came to the amount of freight moved between the U.S. and its North American Free Trade agreement partners of Canada and Mexico in January, according to new Transportation Department figures.
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Led by strong regional demand, spot truckload rates rose across all three equipment types during the week ending March 19, hitting their highest levels in at least a month, according to DAT Solutions and its network of load boards.
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The first reading on the U.S. manufacturing sector for this month shows a slight uptick in activity, but growth remains weak as it has since the start of the year, and existing home sales slumped.
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All five major transportation modes, including trucking, carried less freight between the U.S. and its neighbors of Canada and Mexico last year than in 2014, but big-rigs continue to dominate such cargo movements, according to new U.S. Transportation Department figures.
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Truckload linehaul freight rates have fallen again and are barely higher than a year ago, while rates for intermodal shipments have dropped for the 14th straight month, according to the latest Cass indexes.
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Trucking and parcel delivery company FedEx Corp. on Wednesday reported lower quarterly profits, but adjusted earnings were better than expectations.
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Spot rates for refrigerated truckload freight are trending higher in the key produce states of California, Texas and Florida, while cargo volume posted a 10% increase over the past week, according to DAT Solutions.
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