Economy

Trimac acquires Zengistics freight brokerage

Trimac Transportation is acquiring Zengistics, a non-asset-based freight brokerage that supports activities with the Turvo supply chain management platform. It’s Trimac’s third acquisition in three months, but also represents the…

TFI focusing on ‘freight that fits’ former UPS Freight biz

TFI International says its recently acquired UPS Freight business is already outperforming expectations, but work is still needed to ensure the now-named TForce Freight delivers consistent and profitable results. That…

FTR’s SCI sinks to negative record

FTR’s Shippers Conditions Index (SCI) for May, as reported in the July Shippers Update, improved marginally to -11.3. However, freight rates impact on shippers’ conditions were the most negative in…

TFI business units reach ‘new heights’ in Q2

TFI International is reporting surges in operating profit and net income in the second quarter of 2021, thanks in part to a stronger-than-expected boost linked to the acquisition of UPS…

‘Rate increases are nearly a given,’ says bullish Mullen Group CEO

“You can’t put more freight on our dock,” Murray Mullen, CEO of Mullen Group told analysts this week on a call to discuss second quarter earnings. He was calling in…

Canada’s spot market volumes steady in June, closing strong Q2

Canadian spot market load volumes were steady in June, with a small increase in cross-border loads offset by less freight activity in Western Canada. Loadlink Technologies reported total loads were…

Trucking market leveling off at high level: ACT

ACT Research says in its Transportation Digest that the trucking industry is stabilizing at high levels, and despite slowing growth won’t fall off a cliff. “Indicators we track for the…

Trucking not to blame for Quebec fuel shortages

A perfect storm, combining the summer vacation period, a lift of travel restrictions and a shortage of truck drivers, could explain the fuel supply problems that some regions of Quebec…

Canada’s work truck market continuing to recover

Canadian sales of Classes 7 and 8 tractors are up 35% year-to-date, but expect that to end the year at about a 15% increase now that the easier year-over-year comparables…

Truck tonnage slips due to lack of capacity

U.S. for-hire truck tonnage slipped 1.5% in June, according to the latest data from the American Trucking Associations (ATA). “Tonnage has definitely flattened out, on average, over the last six…

U.S. for-hire freight on the rise

For-hire freight rose marginally in May, leading to the third consecutive monthly increase for the Freight Transportation Services Index (TSI) reported by the U.S. Department of Transportation’s Bureau of Transportation…

Centennial Road overpass open to Vancouver port traffic

The Vancouver Fraser Port Authority is celebrating the opening of the Centennial Road overpass on Vancouver’s south shore. The opening of the new overpass, part of the South Shore Access Project marks a…

U.S. economy, freight markets have room to run: ACT

There is considerable steam left in the boiler that will continue to propel the economy broadly, and freight markets specifically. That’s the message industry forecaster ACT Research gave in its…

Trailer orders soft in June, but records may be set in months ahead

June trailer orders remained soften June at 11,100 units according to preliminary data from ACT Research. That’s a 20% increase from May but 19% off last June. “While the sequential…

Port of Vancouver says rail service has resumed, anchorage demand at capacity

Rail services on the CP rail line affected by the B.C. interior wildfires resumed yesterday, the Port of Vancouver confirmed, with both CP and CN trains sharing the line through…