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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.
Demand for freight to be moved on the spot truckload market outpaced available truck capacity during the week ending Nov. 28, as rates in the two of the three major sectors inched higher for a change.
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A closely watched gauge of activity within the nation’s manufacturing sector shows it not only declined for the fifth straight month, but also that activity contracted during November for the first time in three years, according to the nation’s supply executives.
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Pre-Thanksgiving shipping boosted demand for vans and refrigerated capacity on the spot truckload market during the week ending Nov. 21, but it barely had a positive result on rates.
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Third-quarter GDP numbers fuel talk that the Federal Reserve will raise interest rates next month for the first time in many years – despite a disappointing report on manufacturing.
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A measure of truckload rates moved higher in October from the same time last year, while intermodal rates continued moving lower, according to newly released figures.
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While many of latest numbers on the U.S. economy show it’s performing below where many would like it to be, there is increasing evidence the U.S. Federal Reserve is moving closer to raising short-term interest rates for the first time in years.
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Increased truck availability and few available loads to move pushed spot market truckload rates down again over the past week, but one analyst says it's possible they have bottomed out.
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While a recent good unemployment report led some to speculate the Federal Reserve will raise interest rates at year-end, new numbers released Friday remind us there's more to the equation.
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Taken separately, new reports on freight movements in the U.S. on freight volume, shipper spending and even the spot market seem to run almost counter to one another. A deeper dive into the analysis shows why activity has slowed but is not widespread.
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One truck component supplier moved from a profit to a loss in the third quarter of the year while a natural gas engine provider took on more red ink.
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