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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.
A measure of where the U.S. economy is headed in the next three to six months rose for the third consecutive month in November, according to a report issued Thursday by the private research group The Conference Board.
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The U.S. Federal Reserve on Wednesday indicated it believes the American economy continues to expand at a moderate pace and would be able to handle a small hike in short-term interest rates.
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A rally in spot market freight rates seen last week turned out to be short-lived, with across-the-board declines being reported in new numbers from the freight matching service provider DAT Solutions.
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Falling gasoline prices led to a sharp drop in U.S. consumer prices during November, the steepest rate in nearly six years, according to a U.S. Commerce Department released Wednesday morning.
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Newly released figures show a drop in housing starts during November, with an even bigger decline in the number of new building permits issued -- but new home building remained above a 1 million unit annual rate for the third month in a row.
Read More →Prices at the wholesale level in November gave up all the gains made the month before, led by declining energy costs, while consumers in the U.S. are feeling better than they have in many years.
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The 0.7% increase from the month before is well above what many analysts were expecting.
Read More →The number of people who found jobs in November increased dramatically from the month before but the unemployment rate was unchanged, according to U.S. Labor Department numbers released Friday morning.
Read More →Construction spending in the U.S. posted its biggest increase in five months during October, according to a new Commerce Department report released Tuesday.
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Fuel prices started off the final month of 2014 in the same fashion they have been during much of the second half of the year, according to new U.S. Energy Department figures.
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