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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.
Consumer prices moved up for the second straight month in March after falling during much of the winter, but remain at their lowest level in years.
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Nationwide housing starts rose 2% in March, hitting an annual rate of 926,000 units, but it's not as much as many analysts were hoping.
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Rates on the spot freight market continue crawling slowly upward in the flatbed sector but remain stagnant in the other two major categories.
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North American freight volume and expenditures rose again in March as shipments picked up significantly from the West Coast ports, according to the latest readings of the Cass Freight Index.
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Prices at the wholesale level rose in March for the first time since October, according to the U.S. Labor Department on Tuesday.
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J.B. Hunt Transport Services Inc. announced on Tuesday first quarter 2015 net earnings of $91.9 million, or diluted earnings of 78 cents per share, compared to first quarter 2014 net earnings of $68.7 million, or diluted earnings of 58 cents per share.
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The national average cost of on-highway diesel has fallen once again over the past week, posting its fifth uninterrupted drop and hitting its lowest level since late December of 2009, according to new U.S. Energy Department figures.
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Alcoa reported strong profits for the first quarter, saying its transformation "is fully on course," and is bullish about the commercial vehicle market.
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The U.S. Energy Department has downwardly revised its expectations for on-highway diesel prices this year, but expects prices to move higher in 2016.
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The spot truckload freight market followed seasonal patterns during the week ending April 4 as load availability increased and capacity tightened, according to load board operator DAT Solutions.
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