Business Management Mixed bag for Canada’s spot market in March April 24, 2023 Canada’s spot market softened again in March, with load volumes down 6% from February levels and 53% year over year. Meanwhile, truck postings surged 29% from February, with 2.51 trucks…
Business Management Economic Trucking Trends: Q1 earnings paint grim picture as freight conditions deteriorate April 21, 2023 Publicly traded U.S. fleets have begun reporting Q1 earnings, and they aren’t pretty. Spot market rates continue to be below operating costs, squeezing smaller carriers out of the marketplace. But…
Equipment March trailer orders dip, backlog eases April 20, 2023 U.S. trailer orders dropped to a projected 16,800 units this March, 33% lower than February totals and down 56% compared to March 2022. “Orders pulling back in March is a…
Business Management Truck tonnage in March saw largest loss since pandemic April 18, 2023 U.S. for-hire truck tonnage plummeted 5.4% in March, the largest sequential decline seen since April 2020 at the beginning of the pandemic. The drop comes on the heels of a…
Business Management NFI doubles Canadian footprint with SDR Distribution acquisition April 18, 2023 NFI Industries has increased its Canadian presence, buying SDR Distribution Services and doubling its Canadian distribution footprint in the process. SDR is a multichannel provider of custom warehousing and distribution…
Equipment Ancra consolidates two business units April 18, 2023 Sister companies Ancra Cargo and Ancra Systems BV are consolidating operations, to expand North American infrastructure and raise awareness about their product lines and cargo technologies in Europe. Current Ancra…
Business Management Trucking conditions weakened in February April 17, 2023 Weaker freight rates and volumes caused trucking conditions to deteriorate in February, according to the latest FTR Trucking Conditions Index (TCI). The -5.17 reading was down from -1.71 in January,…
Sustainability Lion inaugurates Quebec battery plant April 17, 2023 Lion Electric has inaugurated its Mirabel, Que., plant where it will produce lithium-ion batteries for its trucks and buses. The 175,000 sq.-ft. facility is located near the Mirabel airport. The…
Infrastructure Prairie provinces partner to boost transport of goods April 14, 2023 The Prairie provinces – Alberta, Saskatchewan and Manitoba – joined forces to to advance economic corridors and support the movement of products within Western Canada and to various markets.
Infrastructure Love’s to spend $1 billion on truck stop upgrades April 10, 2023 Love’s Travel Stops says it will invest US$1 billion into updating 200 of its truck stops by 2026. Each location will receive an average of $2-$7 million in upgrades.
Business Management Trucking job vacancies increased sharply in 2022: Trucking HR Canada April 6, 2023 Trucking HR Canada’s latest labor market information indicates Canada’s truck driver shortage is worsening, with the vacancy rate for jobs in the truck transportation industry in 2022 more than tripling…
Equipment Truck orders continue to soften, but remain healthy April 5, 2023 Class 8 truck orders continued to weaken in March at 19,000 units, according to preliminary data from FTR, marking the fifth decline in the last six months. However, the industry…
Business Management Transport Dynapro buys Transport TEB April 4, 2023 Transport Dynapro has acquired fellow Quebec hauler of fresh products, Transport TEB. In a press release, Dynapro announced that the “complementarity of the truck fleets of the two companies will…
Sustainability California gets green light to proceed with own emissions standards April 3, 2023 The U.S. Environmental Protection Agency (EPA) has given the state of California permission to proceed with its own emissions standards for heavy trucks, despite pleas from industry to allow only…
Equipment Cummins to host Biden, announces $1B in U.S. engine investments April 3, 2023 Cummins will host U.S. president Joe Biden in Fridley, Minn., today where the company has announced it will spend US$1 billion on U.S. engine manufacturing. The presidential visit is part…