Economy

Titanium posts record Q1 revenue

Titanium Transportation reported record first quarter revenue of $85.7 million, a year-over-year increase of 93.3%. “Q1 was another quarter of milestones for Titanium. We delivered record quarterly revenue, completed a…

New truck orders remain ‘above normal’ as fleets jockey for build slots

Class 8 truck orders totaled 34,600 units in April, reflecting continuing strong demand and putting more pressure on OEMs to keep pace in the face of supply chain challenges. FTR…

Montreal port warns of delays as strike ends

The Port of Montreal warned clients of delays and said resuming full operations will take many days as the Senate passed legislation to force 1,150 striking dockworkers to head back…

TFI International closes UPS Freight deal

TFI International has closed its acquisition of UPS Freight. (Photo: iStock) The company announced the acquisition, for US$800 million, in January. About 90% of the division will operate as TForce…

Volvo workers back on the job

Volvo Trucks North America and the UAW have reached a tentative deal, ending a strike that began April 19. The agreement covers a five-year deal for about 2,900 employees at…

NDP motion calls for Ontario truck insurance relief

Ontario NDP MPP Guy Bourgouin (Mushkegowuk-James Bay) has officially introduced a motion calling on the provincial government to tackle rising insurance costs faced by owner-operators. “Today is a victory for…

House approves bill to end Montreal port strike

The House of Commons early on Thursday morning approved Bill C-29, the legislation to put an end to the strike at the Port of Montreal. The minority Liberal government garnered…

Stillwater involved in five transportation deals, anticipates more M&A activity

Stillwater Capital has announced it has been involved in five transportation and logistics acquisitions over the past six months and expects frenzied M&A activity to continue. The deals include: TFI…

Ottawa tables back-to-work bill to end Montreal port strike

Federal Labor Minister Filomena Tassi on Tuesday tabled a bill to put an end to the strike involving 1,150 longshoremen at the Port of Montreal. The dock workers have been…

Montreal port workers begin strike

A general strike at the Port of Montreal has begun with more than 1,000 longshoremen, affiliated to the Canadian Union of Public Employees Local (CUPE) 375, walking off the job…

Montreal port longshoremen to strike on April 26

The Maritime Employers Association (MEA) on Friday said it received a 72-hour notice of an indefinite strike starting on Monday, April 26 from the union’s executive of the Port of…

Mullen Group CEO expects strong economic recovery post-Covid

The writing is on the wall that once Canada gets the Covid-19 vaccine rolled out, that the economy will rebound strongly. That’s the view of Mullen Group CEO Murray Mullen,…

Canada’s spot market load volumes neared three-year high in March

Canadian spot market load volumes neared a three-year high in March, reaching levels not seen since June 2018 and completing a quarter that bettered Q4 and Q1 of 2020. Loadlink…

Truck tonnage takes ‘surprise’ dip in March

U.S. for-hire truck tonnage slid 5.1% in March, on the heels of a 2.3% decline in February. “March’s drop comes as somewhat of a surprise,” said ATA chief economist Bob…

Shippers facing toughest conditions of pandemic

Shippers in the U.S. faced their toughest conditions of the pandemic in February, according to FTR’s Shippers Conditions Index (SCI). The index dropped two points from January to -11.8, due…