Economy

Trucks moved transborder freight worth US$60.9B in August

WASHINGTON, D.C. – Trucks moved freight valued at US$60.9 billion between the U.S., Canada and Mexico in August, according to the U.S. Bureau of Transportation Statistics (BTS). That was up…

ECONOMIC WATCH: Trucking’s recovery surprising

COLUMBUS, Ind. – Trucking companies are enjoying volume growth and pricing power that ACT Research says would’ve been considered “nearly impossible to achieve” from an April vantage point. In its…

Truck arrivals up for fourth week in a row

OTTAWA, Ont. – The number of truck drivers entering Canada rose slightly during the week of October 19-25, the Canada Borders Services Agency (CBSA) said Tuesday. It said 115,038 truck drivers…

Trucking continues fighting ‘must-win’ battles, as pandemic dominates news

ARLINGTON, Va. – What started as a year of so much promise for the trucking industry has gone off the rails, but the industry now enjoys greater appreciation and recognition…

TFI posts strong Q3, terminates APPS acquisition

MONTREAL, Que. – TFI International shook off the effects of the Covid-19 pandemic, posting a strong third quarter and restoring its workforce. TFI reported net income of $110.7 million, up…

ECONOMIC WATCH: Shipper conditions worst in two years

BLOOMINGTON, Ind. – U.S. shippers faced their toughest conditions in two years in August, according to FTR’s latest Shippers Conditions Index (SCI). The index fell into negative territory with a…

Consumers driving economy, though buying habits have changed: Mullen

OKOTOKS, Alta. – Mullen Group saw third quarter revenues drop 10.6% y-o-y to $290.9 million, but net income climbed by $5.7 million thanks to improved operating income before depreciation and…

ECONOMIC WATCH: Canadian spot market freight volumes soften slightly in early October

TORONTO, Ont. – Canadian spot market load volumes were down slightly in early October, according to Loadlink Technologies, but the overall outlook remains positive. A strong end to September and…

ECONOMIC WATCH: September third best month ever for trailer orders

COLUMBUS, Ind. – U.S. trailer orders surged to their third highest levels ever in September, according to ACT Research. Orders of 51,208 units were up 82% from August and 174%…

Truck arrivals up 2% during Oct. 12-18

OTTAWA, Ont. – The number of truck drivers entering Canada rose for a third consecutive week during Oct. 12-18, the Canada Borders Services Agency (CBSA) said Tuesday. It said 108,009…

ECONOMIC WATCH: Truck tonnage rebounds in September

ARLINGTON, Va. – U.S. for-hire truck tonnage jumped 6.7% in September, but was down 2.7% year-over-year, according to the latest data from the American Trucking Associations (ATA). September’s increase came…

Southbound loads lead Canadian spot market volume surge

TORONTO, Ont. – Canadian spot market load volumes continued to strengthen in the third quarter, and in September surpassed the previous month for the fourth consecutive time. September also marked…

Canada looks to California in research on potential trailer GHG standards

TORONTO, Ont. – Canada’s trailer manufactures are facing increasing competitive pressure from suppliers in the U.S., Mexico and China – but it’s still unknown whether they’ll face unique emissions rules…

Ottawa warns against LMIA abuse

OTTAWA, Ont. — The federal government is warning carriers that any abuse of the Temporary Foreign Worker Program (TFWP) will result in serious penalties including hefty fines and permanent bans.

Truck arrivals continue to rise

OTTAWA, Ont. – There has been yet another increase in the number of truck drivers entering Canada, the Canada Borders Services Agency (CBSA) said Thursday. It said 125,351 truck drivers…