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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.
The average price of on-highway diesel fuel moved lower over the past week, after seeing its first increase since June last week, according to the U.S. Energy Department’s weekly report on Monday.
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Retail sales in the U.S. rebounded in October due to broad-based gains, as consumers get ready to head into the Christmas shopping season, according to a U.S. Commerce Department report.
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Spot freight rates are gathering some momentum following a recent lull, according to new figures released from the freight matching service provider DAT.
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The long ride of falling diesel prices has ended with the fuel posting its first weekly increase since late June, according to new U.S. Energy Department figures.
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Some freight is having trouble entering the country and moving quickly to final end users while, the “transportation ecosystem is finding itself in turmoil” as freight shipments, particularly imports, climb in anticipation of a stronger holiday shopping season this year.
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The unemployment rate in the U.S. fell again in October, dropping to its lowest level since July 2008, according to the U.S. Labor Department. In the same period, for-hire trucking added 3,900 jobs.
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Financial losses for XPO Logistics Inc. widened in the third quarter of the year despite it increasing total revenue more than 200% from the same time a year ago, following several acquisitions, but company officials insist they are headed toward profitability.
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Activity in the U.S. non-manufacturing sector continued growing in October, but not as fast as the month before.
Read More →The U.S. job market continues improving with a new report showing private sector employment increased by 230,000 jobs from September to October, the biggest gain since June.
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Fuel and crude oil are continuing down the road toward lower prices, hitting levels not seen in at least nearly two and half years.
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