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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.
As for-hire trucking employment hit its highest level in more than eight years, total non-farm employment in the U.S. increased by 215,000 jobs while the unemployment rate remained unchanged.
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The number of spot market loads available on DAT's network of load boards increased 3.8% for the week ending Aug. 1 compared to the previous seven days, as truck capacity fell by 2.7%.
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Even as service sector growth surged in July, a lackluster employment report is leading to more speculation on whether the Federal Reserve will raise interest rates at its September meeting.
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Roadrunner Transportation Systems Inc. on Tuesday reported increases for both profit and revenue for the second quarter of the year.
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The pace of U.S. manufacturing growth, a key indicator affecting trucking, slowed in July from its highest level in five months, according to a survey of the nation’s supply executives.
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Cargo thefts in the U.S. are on the decline, but the value of each heist is virtually unchanged compared to last year, according to a new second quarter report from the logistics security services provider FreightWatch International.
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With record second-quarter revenue, ArcBest's net income rose to $20 million, or 74 cents per diluted share, from $17.2 million, or 64 cents per diluted share a year earlier.
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The first reading on how well the American economy performed in the second quarter of the year shows it accelerated well ahead of the first quarter pace, according to the U.S. Commerce Department.
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UPDATED -- The parent to several trucking companies moved from a loss in the second quarter of last year to a profit in the most recent quarter.
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Five more trucking companies have reported quarterly earnings – but not all showed gains over a year ago.
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