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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.
Employers in the U.S. added far more jobs in February than analysts were expecting, but there are some concerns about the nation’s manufacturing sector as consumer credit slowed and the trade deficit hit a near 10-year high.
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Truck and engine manufacturer Navistar International Corp. on Thursday reported its net loss grew during its fiscal first quarter compared to a year ago, but one top official insisted the company is headed in a positive direction.
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The number of loads on the spot truckload freight market surged 7.6% during the week ending March 3 as rates appear poised to rebound, according to DAT Solutions, which operates the DAT network of load boards.
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When you look back just four years ago to 2014, a lot of heavy-trucks were sold. Freight demand had suddenly increased, and everyone was trying to move more cargo. But when 2015 rolled around, things weren’t as rosy.
Read More →Manufacturing in the U.S. continued its hot streak in February, but there are questions following other data released earlier about the sector. Personal incomes and expenditures were up, and construction spending remained robust despite little change from the month before.
Read More →The U.S. economy didn’t expand as much as originally estimated in the final quarter of 2017, but it still turned in a solid performance, according to a new Commerce Department report, while a separate report on consumer confidence showed it was at its highest level in more than a decade.
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The national average rate for spot flatbed loads increased for the third straight week and the flatbed load-to-truck ratio topped 70 to 1 during the week ending Feb. 24, according to DAT Solutions and its network of load boards.
Read More →Following strong growth last year, business spending on equipment has fallen for the second straight month, according to a new report, while a separate one shows new home sales in the U.S. have slipped again.
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National average spot van and refrigerated truckload rates fell during the week ending Feb. 17 but remain well ahead of last year’s levels, according to DAT Solutions and its network of load boards.
Read More →A preliminary report about the U.S. manufacturing sector for this month showed business conditions continue improving, hitting a 40-month high, while a separate one on existing home sales revealed a decline for the second straight month amid higher prices and a supply shortage.
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