Today's Trucking Staff

Trucking shines in Canada’s Best Managed Companies list preview image Trucking shines in Canada's Best Managed Companies list article image

Trucking shines in Canada’s Best Managed Companies list

TORONTO, ON - Canadian fleets, equipment manufacturers and logistics providers were among many of the winners named on Tuesday in this year's Canada's Best Managed Companies list. Since the program's launch in 1993, Deloitte's Canada's Best Managed Companies awards have been bestowed to Canadian companies that display outstanding and courageous business performance, in addition to having revenues over $15 million. "Leading with a courageous mindset is imperative to being a Best Managed company," said Peter E. Brown, national co-leader of Canada's Best Managed Companies program and partner at Deloitte. "When faced with tough situations, these companies have the values and the strength to make hard decisions to ensure that their business continues to move forward and succeed."

Navistar reports $62 million first quarter loss

LISLE, IL - Navistar has announced a first quarter 2017 net loss of $62 million. Declining 6% compared to the first quarter of 2016, revenues in the first quarter of 2017 were $1.7 billion. The decline is attributed to lower truck volumes caused by soft Class 8 heavy industry conditions and decreased global sales. "Our results are on track with our plan for the year, and demonstrate our ability to effectively manage costs at a time of persistent Class 8 industry headwinds," said Troy A. Clarke, chairman, president and Chief Executive Officer (CEO) of Navistar International Corporation.