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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.
Memphis, Tenn.-based third party logistics provider ReTrans Inc. is being purchased by the Kuehne Nagel Group, the latest in a series of moves by companies extending their reach into trans-Atlantic freight.
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American consumers are feeling better about the economy with one measure hitting its highest level since January.
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The value of U.S.-NAFTA freight totaled $93.3 billion in April, according to new U.S. Transportation Department figures, down 6.8% from the same time a year earlier.
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The U.S. economy contracted less in the first quarter of the year than previously estimated, according to a Commerce Department report released Wednesday.
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A first look at May orders and shipments of manufactured durable goods, a key indicator for trucking freight.
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Newly released figures show the Cass Truckload Linehaul Index once again remained higher in May than in each of the past three years, coming in 3.5% higher than May 2014 and 9.5% higher than two years ago.
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Fueled partly by an increase in sales to first-time buyers, existing-home sales in May rose to their highest pace in nearly six years.
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Consumer confidence rebounded this month, with more people expecting increases in their wages, according to the University of Michigan Survey of Consumers released Friday.
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Retail sales in the U.S. continue improving after slowing at the end of last year and the beginning of this year, but things could still be better.
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Large declines in trucking and pipeline, coupled with smaller declines in rail carloads and rail intermodal resulted in a decline in the total amount of U.S. for-hire freight movements in April from March.
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