Economy

New ownership sets Bison up for future growth

WINNIPEG, Man. – Bison Transport has new ownership it says will enable it to better meet its ambitious growth plans. On Jan. 1, James Richardson &…

Daseke CEO retires, triggers executive search

ADDISON, Texas – Daseke Inc., North America’s largest flatbed fleet, is now operating under an interim CEO following the retirement of Christopher Easter. Word of Easter’s retirement, effective at the…

BREAKING NEWS: Bison Transport lands new owner

WINNIPEG, Man. – One of Canada’s most prominent trucking companies, Bison Transport, has been purchased by James Richardson & Sons. Bison, founded in 1969 by Duncan Jessiman, operates more than…

CBSA reports sharp rise in truck arrivals

OTTAWA, Ont. – The number of truck drivers entering the country shot up 55% during the week of Dec. 21-27, the Canada Border Services Agency (CBSA) said Thursday. It said…

5 reasons why 2021 will be better

Congratulations. You’ve made it through one of the most unpredictable, volatile, chaotic years in the history of trucking. Or as some economists like to refer to it, a “dynamic” year.

CBSA: Truck arrivals rose 2% last week

OTTAWA, Ont. – There was a 2% rise in the number of truck drivers entering Canada during the week of Dec. 14-20, the Canada Border Services Agency said Thursday. It…

Rates inch higher in October, cross-border LTL gains highest

TORONTO, Ont. – Canadian shippers were paying marginally more to move their freight in October, while cross-border LTL services have secured some of the biggest year-over-year increases. The monthly numbers…

Trucking: 2020 as a year in pictures

TORONTO, Ont. — A picture is worth 1,000 words, and in Today’s Trucking those pictures help to capture the major events and changes in our industry. Here’s a gallery of…

Economic Watch: ATA tonnage index ventures into positive territory

ARLINGTON, Va. – More good news has emerged from analysts, with the American Trucking Association’s For-Hire Truck Tonnage venturing into positive territory. The measure – which is dominated by contract…

Retail freight continues to surge this holiday season: FourKites

FourKites, a business that offers real-time visibility into the supply chain, is reporting a surge in activity as trucks scramble to keep shelves stocked this holiday season. Shipping volumes in…

Can crowdshipping solve last-mile delivery shortages?

TORONTO, Ont. – As small- and medium-sized retailers struggle to find couriers to deliver online orders ahead of the holiday, a researcher suggests crowdshipping could be the key to solving…

Heavy-duty truck market closing 2020 on ‘robust’ note: ACT Research

COLUMBUS, Ind. – The heavy-duty truck market is closing on a “robust” note this year, but industry analysts at ACT Research believe the effects of Covid-19 will linger for years…

Index records ‘big swing’ for trucking

BLOOMINGTON, Ind. – A Trucking Conditions Index recorded by the industry analysts at FTR has hit record levels just six months after hitting its lowest reading. The October reading of…

Private equity firm buys VersaCold

TORONTO, Ont. – Private equity firm TorQuest Partners has purchased VersaCold Logistics Services. Terms of the deal were not disclosed. VersaCold was previously owned by KingSett Capital and Ivanhoe Cambridge.

Canadian spot market sets record for monthly load increases

TORONTO, Ont. – Canada’s spot market freight volumes continued to climb in November led by Western Canada and inbound cross-border freight activity, Loadlink Technologies reports. November marked the seventh straight…