Business Management

Ontario truckers told to master art of increasing prices

TORONTO, Ont. -- Noel Perry of FTR Associates is holding up four fingers and one thumb. He had asked a room full of Ontario trucking executives, rhetorically, “how many dry van carriers or reefer carriers have the capability to bid - in a...

Yanke deal makes Celadon one of Canada’s largest carriers

SASKATOON, Sask. -- As first reported here Saturday, Celadon Canada has agreed to acquire assets of N. Yanke Transfer in a deal it says will make Celadon one of Canada’s largest carriers.

RTL-Westcan bought by US tanker giant Kenan Advantage Group

EDMONTON, Alta. -- RTL Westcan, one of Canada’s largest niche bulk commodity haulers, has been sold to Kenan Advantage Group out of the US.

BREAKING: Celadon Canada buys Yanke

SASKATOON, Sask. -- Celadon Canada has purchased Yanke, in a blockbuster deal that sees Celadon accomplish its goal of creating a larger footprint in Canada.

Expect higher transportation pricing in years ahead: Cormark’s Newman

TORONTO, Ont. – The potential for synchronous global growth could ignite demand for transportation, leading to higher carrier pricing, a recovery of profitability, and the potential for industry consolidation, according to David Newman, a...

Good news ahead for global and Canadian economies, Newman tells CITT

TORONTO, Ont. – After five tough years, the global economic picture is starting to shape up for the better and Canada is well-positioned to take advantage of the new opportunities, according to David Newman, a transportation market...

Hitting the moving target on fuel surcharges: a critical conversation for shippers and carriers

TORONTO, Ont.-- In a panel discussion on fuel surcharges at the CITT’s National Conference on Supply Chain & Logistics today, Lou Smyrlis, editorial director of Truck News, asked shippers, carriers, and oil industry experts to weigh...

Clarke Inc. sells freight transportation business to TransForce

HALIFAX, N.S. -- Clarke Inc. has agreed to sell its freight transportation business to TransForce for $88 million.

Canadian freight rates stay flat: Nulogx

TORONTO, Ont. -- The cost of ground transportation for Canadian shippers rose 1.2% in August, mostly because of higher fuel surcharges.

AN ECONOMIC OVERVIEW FROM CANADA…

So much has happened since I last wrote you, my faithful Hooked Up readers, that I barely know where to begin. Okay, let’s start with our very own Surface Transportation Summit, held Oct. 17 at the Mississauga Convention Centre. This...

…AND ONE FROM THE STATES

I’ll get back to the Summit in a moment, but to try to keep some semblance of order, topically at least, I’ll jump ahead to the American Trucking Associations Management Conference & Exhibition, held about a week after our own...

A TENDER SUBJECT

Jumping back to the Surface Transportation Summit, once again this year, a topic of much interest was freight tenders. You may recall at last year’s Summit, Challenger’s Dan Einwechter dubbed RPFs “Really Friggin’...

PLANNING AN EXIT STRATEGY

Also discussed at the Surface Transportation Summit was the timely subject of mergers and acquisitions. Those who closely watch M&A transactions can barely conceal their disappointment in the lack of activity so far this year. Mike McCarron...

WHEN WINNING EQUATES TO LOSING

For the quote of the month, I’m going to throw it back over to Jacquie Meyers, who made a passionate plea to shippers and carriers to reconsider the price-driven RFP process. Speaking at the Surface Transportation Summit, she stated the...

Canadian spot market volumes dip in September, but remain stronger y-o-y

TORONTO, Ont. -- Canadian spot market freight volumes were up 9% year-over-year in September, but down 5% compared to last September.