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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 amount of freight carried by the nation’s for-hire transportation industry, fell 0.4% in January from the month before, after it reached an all-time high in December, according to newly released figures from the Transportation Department's Freight Transportation Services Index.
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Manufacturing activity this month hit a three-year high, while other reports showed healthy increases in where the economy is headed over the next several months.
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Spot truckload freight volume slipped 1.2% and truck posts increased 2% for the week ending March 17, according to DAT Solutions and its load boards, while load-to-truck ratios and rates were relatively even, although both are considerably higher compared to a year ago.
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Freight rates for truckload linehaul and intermodal movements continued showing great strength in February, according to figures released Wednesday from one freight payment processor.
Read More →The Federal Reserve signaled its confidence in the economy on Wednesday when raised a key interest rate for the sixth time since 2015 – but this also could lead to trucking companies needing to rethink how they are handling their loans.
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Parcel and trucking giant FedEx posted a big gain in profits during its most recent quarter, while Daseke, the owner of several flatbed and specialized carriers, moved from a loss to a profit in both the final quarter of 2017 and for all of last year.
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Trucking posted the biggest loss of the five major transportation modes when it came to the value of U.S. freight moved between Canada and Mexico last year, according to new Transportation Department figures.
Read More →Industrial production in the U.S. rebounded from a drop at the start of the year, as consumer sentiment is the best in more than a decade – but there's a decline reported in parts of the new-home-building market.
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Flatbed load availability and rates made big gains and the flatbed load-to-truck ratio hit a new record during the week ending March 10, according to DAT Solutions and its network of load boards, while a separate report for last month showed a drop in rates but they remained above year-ago levels.
Read More →Retail sales in the U.S fell for the third straight month in February, according to new government numbers, pointing to slower economic growth in the first quarter. Separate reports about inflation showed it cooled at both the retail and wholesale levels.
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