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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 average U.S. cost of on-highway diesel continues moving closer to the $3 per gallon mark with it recording its sixth straight weekly increase, according to the U.S. Energy Department.
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A measure of consumer confidence has increased following a sharp downturn, while new home sales rebounded strongly, according to reports released on Tuesday.
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An advance report shows both new orders and shipments for manufactured durable goods declined in April, but a key indicator increased for the second consecutive month.
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Consumer prices moved barely higher in April, but it was the third consecutive monthly increase, according to a new Commerce Department report.
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A first look at the nation’s manufacturing sector shows activity has declined for the second straight month. However, a measure of future economy activity is on the upswing.
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An upturn in spot market truckload freight rates seen the previous week ran out of steam quickly, according to new numbers from the freight matching service provider DAT Solutions.
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New homes starts in the U.S. increased dramatically in April from the month before, jumping 20.2% and hitting its highest level in more than seven years.
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The national average cost of on-highway diesel moved higher on Monday for the fifth consecutive week, hitting its highest level in two months.
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U.S. industrial production fell 0.3% in April for its fifth consecutive monthly loss, according to a Federal Reserve report issued Friday.
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Rates for spot market truckload freight posted gains in two of the three major sectors May 3 through May 9 compared to the previous seven days, according the freight matching service provider DAT Solutions.
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