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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. manufacturers started the year with a rebound in output and new business growth, according to preliminary results of a survey released Friday. A separate report shows sales of existing homes were the best since before the Great Recession.
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Although many analysts are expecting generally lower fourth-quarter earnings for the nation’s publicly held companies, J.B. Hunt kicked off the earnings season for trucking on Thursday by reporting a 6% increase in profit.
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After spiking at the start of the year, truckload rates and load-to-truck ratios on the spot market slid downward during the week ending Jan. 16, according to load board operator DAT Solutions.
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Inflation at the retail level is anything but a threat to the health of the U.S. economy with newly released figures showing a drop in the final month of 2015 while the housing market is expected to continue improving.
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The latest numbers about the state of the American economy show activity has slowed in key sectors, including one of the biggest drivers, with retail sales turning in its weakest improvement since 2009.
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Truckload linehaul rates turned in their best month-over-month improvement of last year during December, while intermodal rates continued falling from year-ago levels, according to just-released figures.
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Dana Holding Corp. preliminary financial results for 2015 show sales are comparable with a year earlier, but earnings are slightly lower.
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The amount of freight moved by the nation’s for-hire transportation sector moved lower in a government index that it says is an indicator of economic cycles.
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Spot truckload freight activity increased sharply during the first full week of 2016, as rates also improved or held steady – while a separate report shows December was better than the month before.
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Federal government expectations for diesel and gasoline prices for this year have been revised significantly lower, as oil is expected to continue to sell for far less that it was in mid-2014.
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