Business Management

Understand compromise when spec’ing fuel-efficient tires

Surging diesel prices have fleets seeking every opportunity to shave fuel consumption, and tires are an obvious place to look for improvements. Tire rolling resistance accounts for 33-35% of every…

Titanium reports record first half, days after graduating to the TSX

Titanium Transportation Group saw its net income explode more than 700% year over year in the second quarter, while achieving record first half results. Its consolidated revenue jumped 35.1% to…

Canada Cartage gets new private equity owners

Canada Cartage will soon have new ownership, with United Arab Emirates-based private equity firm Mubadala Capital reaching an agreement to purchase the business. Canada Cartage has 33 facilities across Canada,…

Class 8 orders fell sharply in July

North American Class 8 truck orders fell sharply in July, according to preliminary data from ACT Research, but it’s not clear what was driving the decline. Class 8 orders totaled…

Fastfrate closes Challenger acquisition

Consolidated Fastfrate on Tuesday closed its deal to acquire a majority stake in Challenger Group, which it says establishes Fastfrate as a North American “powerhouse.” “Today’s closing of the acquisition…

You really can read a book by its cover

You really can read a book by its cover more often than you think. Might not get the whole story, but how often do you really need that right away?…

TFI posts strong Q2 results

TFI International posted a strong second quarter as it continues to improve the efficiency of TForce Freight through a reshaping of its network. Adjusted net income was up 76% to…

Unlocking the full potential of telematics for fleet maintenance

Many in the trucking industry automatically associate telematics with GPS tracking, Hours of Service compliance, and little more. However, as fleets begin to explore what else telematics systems can do,…

5 things to consider when selling your trucking business

Trucking mergers and acquisitions are on the rise as aging business owners look for an opportunity to sell their businesses and transition into retirement. Meanwhile, growing businesses are eager to…

U.S. shippers see worsening conditions

Industry forecaster FTR says its Shippers Conditions Index (SCI) fell in May to a -6.2 reading, thanks to rising fuel prices in May coupled with tight capacity utilization. Those factors…

Canada’s spot market beginning to normalize: Loadlink

Canada’s spot market saw an influx of capacity amid softening freight demand in June, according to Loadlink Technologies. The shift signals a return to normalization. Spot market loads fell 23%…

CRA warns personal services businesses about tax rules, cites Driver Inc. model

A Canada Revenue Agency (CRA) bulletin is reminding personal services businesses (PSBs) that they can’t claim the tax deductions and expenses available to other corporations – and it’s using a…

Mullen Group posts record Q2 results, sees no sign of ‘freight recession’

Mullen Group enjoyed a record second quarter, with revenue soaring 67% to $521.5 million, and profit nearly doubling to $42.7 million year over year. The strongest gains came in the…

Fuel prices put pressure on trucking conditions

Industry forecaster FTR’s Trucking Condition Index (TCI) fell into negative territory in May, as rising fuel prices put cost pressures on carriers. The -0.3 reading was down from a positive…

4 ways to control truck fleet maintenance budgets

Budgeting for a fleet maintenance operation has never been more challenging, as supply and labor shortages combine with inflation to push up component and service prices. While not much can…