Premier Bulk partners with KIK Carrier for Quebec expansion preview image Business Management Premier Bulk partners with KIK Carrier for Quebec expansion February 3, 2022 Premier Bulk Systems is expanding into the Quebec market through a partnership with KIK Carrier to open a terminal in Boucherville, Que. The trucks there will operate under the Premier…
JBT Transport buys Heritage Transportation as it accelerates growth preview image Business Management JBT Transport buys Heritage Transportation as it accelerates growth February 2, 2022 Denis Medeiros, CEO of JBT Transport in Ayr, Ont., went from contemplating retirement to entering growth mode with the acquisition of nearby Heritage Transportation Group Feb. 2. “My son’s gotten…
Pride Group buys U.S.-based Arnold Transportation preview image Business Management Pride Group buys U.S.-based Arnold Transportation February 1, 2022 Pride Group Logistics has expanded its U.S. presence with the purchase of Arnold Transportation in Grand Prairie, Texas. The fleet includes 414 tractors and 1,400 dry van trailers. “The acquisition…
Six Canadian companies among Best Fleets to Drive For, Hall of Fame created preview image Business Management Six Canadian companies among Best Fleets to Drive For, Hall of Fame created February 1, 2022 The Best Fleets to Drive For competition has announced its 2022 winners, as well as the inaugural eight fleets inducted into the newly created Hall of Fame. The Truckload Carriers…
Why it’s shaping up to be a record year for trucking and logistics M&A preview image Business Management Why it’s shaping up to be a record year for trucking and logistics M&A January 28, 2022 It’s shaping up to be a record year for transportation and logistics merger and acquisition (M&A) activity, and valuations could reach a 10-year high. That’s the view of Spencer Tenney,…
Vaccine mandate ‘silver lining’ could be better pay for drivers: Bison’s Fridfinnson preview image Business Management Vaccine mandate ‘silver lining’ could be better pay for drivers: Bison’s Fridfinnson January 28, 2022 If there’s a silver lining to come from the current supply chain disruptions, exacerbated by new mandates requiring cross-border truckers to be fully vaccinated, it’s that drivers are likely to…
Omicron slowing rebalancing of truck capacity: ACT preview image Business Management Omicron slowing rebalancing of truck capacity: ACT January 27, 2022 The trucking capacity rebalancing that was taking place in the U.S. has been interrupted with the spread of the Omicron Covid variant, according to ACT Research’s For-Hire Trucking Index in…
The student solution to trucking industry’s labor shortage preview image Business Management The student solution to trucking industry’s labor shortage January 27, 2022 Every sector in Canada’s economy is looking to attract and grow its labor force, which means students and young workers have lots of career choices at a pivotal time in…
Canada’s spot market sees record loads posted in December preview image Business Management Canada’s spot market sees record loads posted in December January 25, 2022 Canada’s spot market closed 2021 on a record high note, with load volumes soaring 120% year over year and up 20% from a record November, according to Loadlink Technologies. “Loads…
Trucking conditions improved in November as diesel prices leveled off preview image Business Management Trucking conditions improved in November as diesel prices leveled off January 21, 2022 Steadier diesel prices contributed to improving trucking conditions in November, according to the latest Trucking Conditions Index from industry forecaster FTR. The jump, from 7.75 in October to 10 in…
Truck transportation sector records 8% vacancy rate in Q3 preview image Business Management Truck transportation sector records 8% vacancy rate in Q3 January 20, 2022 Canada’s truck transportation sector recorded an 8% job vacancy rate in the third quarter of 2021, lagging only behind the accommodation and food service sector, the latest data from Trucking…
Three things fleets are doing well (and two they aren’t) preview image Business Management Three things fleets are doing well (and two they aren’t) January 20, 2022 The Truckload Carriers Association’s (TCA) annual Best Fleets to Drive For competition offers a unique window into emerging trends within the top fleets to work for in the U.S. and…
Commercial vehicle demand enters 2022 ‘like a lion’: ACT preview image Business Management Commercial vehicle demand enters 2022 ‘like a lion’: ACT January 20, 2022 Demand for commercial vehicles were “materially above expectations” in the first month of 2022, reports ACT Research, and strong fundamentals point to continued high demand. “We start 2022 as 2021…
Obtain and maintain your USDOT number preview image Business Management Obtain and maintain your USDOT number January 19, 2022 Expanding operations into the United States means fully complying with U.S. Federal Motor Carrier Safety (FMCSA) regulations. And one of your first steps toward compliance is obtaining a USDOT number.
Truck cargo ‘easy pickings’ for thieves preview image Business Management Truck cargo ‘easy pickings’ for thieves January 18, 2022 It’s discouraging to say, but trucking is fighting a losing battle on cargo theft. The bad guys are going to win almost every time. Most of the good news recovery…