Economy

National summit to focus on supply chain challenges

The federal government will host a National Supply Chain Summit early next year, responding to supply chains that have been strained both by Covid-19 and recent extreme weather events. The…

Border agents cleared 4.5M trucks in first 10 months of 2021

Canada Border Services Agency (CBSA) officers saw postal and courier shipments rise “significantly” in the past year, as more Canadians turned to online shopping in the midst of the pandemic.

Diesel prices main trucking conditions headwind: FTR

Trucking conditions in the U.S. deteriorated in October due to rising diesel prices, according to the latest Trucking Conditions Index (TCI) from industry forecaster FTR. Freight rates remained the leading…

Trailer orders bounce as OEMs open more ’22 build slots

Trailer orders bounced back in November to 32,000 units as manufacturers became more comfortable taking 2022 orders. That marked an 89% increase from October, but was down 23% year over…

Ritchie Bros. moves $53M in equipment during Edmonton auction

Ritchie Bros.’ final Edmonton auction of the year sold more than 4,400 pieces of equipment, amounting to more than $53 million in transactions. Canadians purchased about 93% of the items…

Coming driver vaccine mandates will disrupt ‘beleaguered’ supply chain: CTA

The Canadian Trucking Alliance (CTA) is warning that a federal vaccine mandate planned for truck drivers will severely disrupt a fragile and beleaguered supply chain. This recently announced mandate builds…

Daimler Truck begins trading as standalone business

Today marks the first day Daimler Truck trades on the Frankfurt Stock Exchange as a standalone business. The truck maker says it is the “start of a new era” as…

Mullen Group’s 2022 business plan reflects optimism

Mullen Group is projecting record revenue in 2022, and planning to reward its employees and shareholders, alike. In its 2022 business plan, the company said it anticipates further supply chain-related…

Matcom sets sights on West Coast markets

Matcom, an industrial machinery mover and warehousing operation headquartered in the Greater Toronto Area, is now expanding its reach along the West Coast. The business opened its second office in…

Class 8 orders plummet, but not due to slowing demand

New truck orders plummeted in November, but not because demand for new equipment has waned. Preliminary Class 8 orders totaled 9,500 units according to FTR, down 41% from October levels…

Container carrier strike averted at Port of Vancouver

Prudential Transportation and Aheer Transportation have avoided strike action that would have added to woes at the Port of Vancouver. The two container fleets signed on to a pattern agreement,…

American Trends report indicates women drivers at all-time high

Women comprised a greater percentage of the U.S. trucking industry’s professional driver force last year than ever before, at 7.8%. That was one of the findings from the American Trucking…

Conditions for shippers not likely to improve soon: FTR

Conditions for U.S. shippers were unchanged in September, in negative territory at -6.5 according to the latest Shippers Conditions Index from industry forecaster FTR. August’s reading was -6.8, with market…

Globocam buys Garage Gilles Roy

Quebec truck dealer Globocam has announced it will acquire Garage Gilles Roy, a maintenance provider for Freightliner, Western Star and Manac trucks and trailers. The company says the purchase will…

Competition Bureau steps in on GFL’s acquisition of Terrapure

Competition Bureau Canada (CBC) has stepped in to potentially derail trash hauler GFL Environmental’s acquisition of rival Terrapure Environmental. The Bureau claims that prior to the $927-million acquisition, which closed…