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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.
U.S. retail sales in April were virtually unchanged from March, according to a Commerce Department report released Wednesday morning.
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Natural gas engine provider Westport Innovations Inc. said last week it thinned financial losses in the second quarter of the year despite a 30% drop in revenue.
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Unemployment in the U.S. fell in April, hitting a near seven-year low following weak job additions in the first quarter of the year.
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The trucking company Quality Distribution Inc. has reached an agreement to be acquired by the private investment fund Apax Partners.
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According to the Florida-based company this was the result of an “intangible asset impairment charge” of just over $2 million, with an with an after tax impact to net income of $1.265 million, relating to its November 2013 purchase of Pipeline Transportation.
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The number of available loads on the spot truckload market decreased 2.9% and capacity fell 1.8%, according to DAT Solutions, which operates the DAT network of load boards.
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Private sector, non-farm employment increased by less than 200,000 jobs in April for the second straight month, according to a new report released Wednesday.
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Economic activity in the nation’s service sector increased in April, according to two reports released on Tuesday.
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USA Truck turned its finances around in the first three months of the year, reporting a profitable first quarter for the first time since 2007.
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The national average price of on-highway diesel keeps pushing higher, increasing 4.3 cents from last week to $2.854 per gallon.
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