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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.
Rates declined across all three equipment types on the spot freight market as available truckload capacity increased while load availability fell, according to new figures released by DAT Solutions, which operates the DAT network of load boards.
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Wholesale prices advanced 0.4% in June, according to the U.S. Labor Department, more than many analysts were expecting.
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Marten Transport Ltd. on Tuesday reported a 5.4% increase in net income to $8.4 million, or 25 cents per diluted share, for the second quarter of the year.
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Economic Watch: Retail sales in the U.S. eased up in June, according to a new Commerce Department report, while previous month's figures were revised lower.
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Average spot truckload rates last week rose for van and refrigerated loads but dipped for flatbeds, reports DAT Solutions.
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The second quarter corporate earnings season kicked off Wednesday afternoon, with numbers from the truck wheel and lightweight metals producer Alcoa Inc. (AA) showing mixed results.
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Economic activity in the nation’s service sector inched higher in June after hitting a 13-month low in May, according to a survey of the nation’s supply executives. Another report shows non-manufacturing growth slowed last month.
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Economic Watch: The nation’s unemployment rate fell 0.2 of a percent point in June to 5.3%, its lowest rate since April 2008, while 7,400 jobs were added in the for-hire trucking sector.
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Increased freight availability and falling truckload capacity was not enough to keep freight rates on the spot market from falling slightly for the week ending June 27, according to DAT Solutions, which operates the DAT network of load boards.
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Private sector employment in June saw its biggest month-over-month improvement since December, the third month-over-month jump in a row.
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