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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 number of available loads on the spot truckload market jumped 36% during the week ending June 6 as capacity increased 5.5%, helping push rates higher.
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Import cargo volume at the nation’s major retail container ports has returned to normal levels following ratification of a new West Coast labor agreement, according to the monthly Global Port Tracker report.
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The current trucking employment level is close to its pre-recession peak, while nationwide employers added more jobs during May.
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Freight rates on the spot truckload market held steady last week, as both capacity and the number of loads available to haul fell, according to the freight matching service provider DAT Solutions.
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Two days before a government report on unemployment is set to be released, a report from a payroll processor shows 201,000 non-farm, private jobs were added in the U.S. during May, the biggest gain since January.
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New orders for factory-made goods continue to disappoint, falling 0.4% in April from the month before and marking the eighth decline in the last nine months.
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The average price of on-highway diesel moved a little lower this week, following six consecutive weekly increases, according to the U.S. Energy Department.
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Business conditions in the nation’s manufacturing sector turned around in May from the month before, while construction spending hit a six-year high. A weak spot? Consumer spending.
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A new government reports shows the American economy contracted in the first quarter of the year for the second straight time.
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Rates in two out of the three major spot market freight sectors posted slight gains over the past week while remaining in a holding pattern for dry vans.
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