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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.
Sales of new homes in the U.S. during March fell the most in more than 18 months following three straight monthly gains, according to the Commerce Department.
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Freight transportation provider Forward Air Corp.'s first quarter profit fell more than 50% from a year earlier on 20% higher revenue.
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Werner Enterprises Inc. on Wednesday reported its first quarter net income increased 61% from the same time last year, while total revenue moved just 1% higher.
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A measure of truckload rates shows it hitting an all-time high in March, increasing 5.1% from the same time a year ago.
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Existing-home sales in the U.S. jumped in March to their highest annual rate in 18 months, according to the National Association of Realtors on Wednesday. Led by the Midwest, all major regions experienced strong sales gains in March and are above their year-over-year sales pace.
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Net income increased to $29.6 million from $19.1 million in the first quarter of 2014 while earnings per diluted share moved higher to 36 cents from 23 cents.
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National average spot truckload rates drifted down during the week ending April 18 compared to the previous week, according to new figures from DAT Solutions and its network of load boards.
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Echo Global Logistics Inc. Tuesday announced an agreement to purchase one of the largest privately owned truckload brokers and non-asset based freight transportation providers in the U.S. The company also reported improved Q1 earnings.
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Paccar Inc. reported first quarter earnings of $378.4 million, a 38% gain from the same time a year ago, while net sales and financial services revenue increased 10% to $4.83 billion.
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Following some gains in oil prices over the past week, the average cost of on-highway diesel has recorded the first increase in its nationwide average cost in six weeks, according to new U.S. Energy Department figures.
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