Business Management When financing equipment, knowing your business has never been more important May 12, 2023 In a previous career, Jeff Horler worked in the funeral management business. Little did he know at the time how applicable the skills required in that line of work –…
Business Management Economic Trucking Trends: Pent-up truck demand remains, why May matters to spot market May 12, 2023 This week took us to Denton, Texas, where Peterbilt hosted thousands of dealers, customers and press for the unveiling of its new Model 589 classic-styled conventional.
Transportation Global Trucking Trends: Europe’s driver shortage a focus during Year of Skills May 10, 2023 Europe’s shortage of truck drivers will be in the spotlight this year as the European Commission recognizes the Year of Skills, officially launched during Europe Day on May 9. According…
Transportation Truckers paying price for lower Vancouver container volumes May 8, 2023 What a difference a year makes. Cargo and container volumes have been sliding at the Port of Vancouver since late 2022, following months of backlogs and congestion, and the truckers…
Business Management Economic Trucking Trends: Truck orders fall, signs of a spot market turnaround May 5, 2023 Class 8 orders continued to fall in April, with FTR reporting preliminary orders of 12,050 units. That’s down 37% from March and marks the sixth decline in the last seven…
Business Management TFI International buys LTL carriers Siemens, Hot Line May 1, 2023 TFI International has announced LTL deals in the U.S. and Canada, acquiring Siemens Transportation Group in Saskatchewan and Hot Line Freight Systems in Wisconsin. Siemens was founded in 1962 and…
Business Management Mullen Group buys B&R Eckel’s May 1, 2023 Mullen Group has purchased B&R Eckel’s Transport, bolstering its LTL presence in Northern Alberta and adding about 400 trucks and 950 trailers. The Bonnyville, Alta.-based company offers LTL, truckload, and…
Transportation Canada’s biggest truck fleets in 2023: The Top 100 list revealed May 1, 2023 Today’s Trucking has compiled the list of the Top 100 – Canada’s biggest for-hire fleets based on equipment counts. And some familiar names continue to dominate the top of the…
Transportation Reported cargo thefts rise sharply, and that’s just part of the story April 30, 2023 The trucking industry is facing a sharp increase in cargo theft, even as insurance providers and police forces say the crime is underreported by those who suffer the losses.
Business Management Economic Trucking Trends: Earnings diverge, spot market punishes April 28, 2023 Two of Canada’s three publicly traded trucking companies reported Q1 earnings this week, with starkly different results. Mullen Group posted record earnings and held its guidance. Murray Mullen, senior executive…
Business Management Trimac buys AIP Logistics April 28, 2023 Trimac Transportation has purchased AIP Logistics, a Central Ohio-based bulk hauler specializing in the plastics, liquid chemicals, food grade storage, and metal production industries. The company operates 13 tractors and…
Business Management Mullen bucks trend with record Q1 earnings April 27, 2023 Mullen Group has bucked a trend among publicly traded fleets by recording record Q1 earnings, including a 9% increase in revenue and 93% surge in net income. Senior executive officer…
Business Management TFI earnings fell in Q1, but market conditions creating M&A opportunities April 26, 2023 TFI International suffered declines in revenue and net income in the first quarter, but feels optimistic conditions are ripe for a meaningful acquisition later this year. The company posted Q1…
Business Management Shippers experiencing mostly ‘favorable and stable’ conditions April 26, 2023 Conditions were little changed for shippers in February, with an environment that was mostly favorable and stable. Industry analyst FTR’s Shippers Conditions Index fell slightly on the month, to 5.1…
Transportation Railways form Falcon Premium intermodal service, linking Canada, U.S., and Mexico April 24, 2023 CN, Union Pacific and GMXT are joining forces to create a Mexico-U.S.-Canada intermodal service dubbed Falcon Premium. The service will connect CN points of origin in Canada and Detroit to…