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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.
Despite a booming construction sector, the latest reports on jobs and manufacturing have some concerned that the U.S. economy is losing some of its steam.
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Freight rates on the spot market continue in their holding pattern, moving up little from one week to the next, according to the freight-matching service DAT Solutions.
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Private sector employment increased by 200,000 jobs from August to September, according to a new report from the payroll processor ADP, but manufacturing lost jobs.
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The value of freight moved between the U.S. and its next door neighbors Canada and Mexico totaled $93 billion in July 2015. All modes except air carried less freight than in July 2014.
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Consumers are feeling better than they were before and are spending more money because they are taking home larger paychecks, according two new reports. That bodes well for truck freight.
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The third party logistics and multi modal transportation services provider Radiant Logistics Inc. reported a small increase in net earnings following the purchase of three operations earlier this year.
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The U.S. economy performed better in the second quarter of the year than earlier thought, according to a new Commerce Department report Friday, leaving some wondering if this puts the Federal Reserve closer to raising interest rates.
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Economic watchers got a mixed bag of reports on Thursday. One showed an easing in part of the manufacturing sector, including a measure of business investment. However, two others were upbeat regarding housing and the upcoming holiday sales season.
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Rates on the spot market showed little to no improvement over the past week, with little of the usual after-Labor-Day jump in available freight .
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September marks another month of relatively subdued growth across the U.S. manufacturing sector, according to a preliminary report, and construction activity in the U.S. retreated in August.
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