Port Metro Vancouver Sees Jump in Cargo Volume
VANCOUVER, BC - The amount of cargo moving through Canada's largest port shows continued growth in trade through the Pacific gateway. Total cargo handled at Port Metro Vancouver was 70.3 million metric tons in the first half of 2015, an increase of 1.5 percent over the same period in 2014, according to newly released figures.
Town Finds Way to Deal with Alarming Vehicle Noise
COCHRANE, AB -- Cochrane resident Kevin Shier had been attempting to resolve noise issues for many years with little success, with some residents selling their homes and others on the verge, as a result of vehicle backup beepers operating around the clock.
Trucker Delivers Hope, Hay for Drought Stricken Farmers
EDMONTON -- Hope for several Edmonton farmers arrived last week in the form of a turquoise Kenworth piloted by Canadian Trucking Alliance (CTA) board member Carl Rosenau, president of Rosenau Transport. Rosenau was busy hauling flatbeds full of donated hay to Edmonton-area farmers suffering from drought conditions, according to CTA. For many western farmers, this has been one of the hardest summers in 50 years, marked by weeks of drought that have decimated hay crops and left farmers struggling to feed their livestock.
New Warning About Seasonal Cargo Theft Risks
AUSTIN, TX -- As the North American supply chain prepares to enter its busiest season, organized cargo criminals are gearing up to maximize opportunities to seize high-value shipments that will saturate the target-rich environment encompassing the remaining months of the year.
Trailer Manufacturer Manac Going Private
SAINT-GEORGES, QC-- Canada's largest trailer builder, Manac, has been transferred from public to private ownership. The announcement was made Thursday. The original founding Dutil family will be among the consortium of new owners. Media reports say the Dutils will be investing $36 million in the private company while Quebec's pension fund manager, its Quebec manufacturing fund, a labor fund and Investissement Quebec are providing $104 million in equity investments and loans. Manac was spun off from the Canam Manac Group in 2004 and taken public in 2013. Charles Dutil, Manac president and CEO, will remain in his current position.
Trucking Conditions Rebound, Best This Year
BLOOMINGTON, IN -- While business conditions in Canada are shaky, the situation in the U.S. for the trucking industry is the best so far this year, according to the freight transportation forecasting firm FTR. Its just released Trucking Conditions Index (TCI) measure for June rose from May, jumping 56% to 7.66, hitting the highest level of 2015. While freight growth slowed during the second quarter of the year, FTR said rates continue to show growth and margins are still good. Also, freight growth is on track for the sixth straight year of annual gains. It expects regulatory conditions and a continued economic recovery to fuel an accelerating index during 2016.
Heading Southbound? Cargo Thefts on the Rise
JERSEY CITY, N.J. - If you head southbound to pickup or deliver some freight, then beware once you have take possession of it because a new report says cargo thefts are increasing. From April through June in the U.S., cargo thieves stole more than US$19.5 million in freight from the country's supply chain, according to theft prevention and recovery service CargoNet. Nationwide, cargo theft increased 8 percent in second-quarter 2015 year-over-year. The total estimated value of stolen cargo was up US$8 million when compared year-over-year. The average cargo theft was worth about US$168,308 in stolen goods, but some categories such as electronics were much higher. The median theft was worth US$338,464. April had the most recorded cargo thefts in the U.S. at 70, then decreasing in May with 67 incidents and 57 in June.