Economy

ECONOMIC WATCH: ACT Research increasingly bullish on commercial vehicle market

COLUMBUS, Ind. – ACT Research has increased its commercial vehicle forecast across the board in October. “Central to our growing bullishness on current activity translating into the next up-cycle are…

Used truck prices staying steady in Canada: Ritchie Bros.

TORONTO, Ont. – Prices for used truck tractors are stable in Canada, according to a market report from Ritchie Bros., with prices for the three months ending Sept. 30 steady…

ACQ gets economic update at Industry Day

MONTREAL, Que. — The Association du camionnage du Québec’s (ACQ) Industry Day, a virtual event presenting a series of conferences and an exhibition, kicked off this week with a speech…

Feds to invest in Port of Trois-Rivieres

TROIS-RIVIERES, Que. – The federal government will invest $33.4 million into constructing a new 100,000 sq.-m. multipurpose terminal at the Port of Trois-Rivieres. Federal Transport Minister Marc Garneau announced the…

ECONOMIC WATCH: Trucking conditions were strong in August

BLOOMINGTON, Ind. – FTR’s Trucking Conditions Index (TCI) jumped to a 8.31 reading in August, reflecting a very favorable rate environment for trucking. August marked the second highest reading since…

Trucks still idle in wake of Covid-19 shutdowns, insurance data shows

TORONTO, Ont. – Ontario and Quebec fleets that parked trucks against the fence during the early days of Covid-19 are gradually returning to service, but insurance data shows that not…

Proposed legislation would permanently allow 24-hour deliveries in Ontario

TORONTO, Ont. – Proposed legislation in Ontario would pave the way for 24-hour deliveries to businesses. The Main Street Recovery Act, 2020, introduced by Associate Minister of Small Business and…

Truck arrivals rebound slightly

OTTAWA, Ont. – The number of truck drivers entering Canada rose slightly during Sept. 28-Oct. 4 after falling for three consecutive weeks, the Canada Borders Services Agency (CBSA) said Thursday.

Mexuscan grows with granite hauler acquisition

STANSTEAD, Que. – Mexuscan Cargo has purchased R.H. Rediker Transport, which has been serving the granite industry for more than 80 years. The acquisition includes R.H. Rediker’s Stanstead, Que.-based terminal.

Fleet struggles when the show won’t go on

MONTREAL, Que. — As of March 12, Truck’N Roll had 125 trucks on the road. Then, within 24 hours, everything collapsed. It had a niche in the trucking industry: the…

ECONOMIC WATCH: Renewed fleet confidence fueling stronger Class 8 truck demand

BLOOMINGTON, Ind. – Fleet confidence has returned in the form of strengthening Class 8 truck orders, which surged in September to 32,000 units according to preliminary data from FTR. That’s…

Kenan Advantage Group buys Paul’s Hauling

WINNIPEG, Man. – The Kenan Advantage Group (KAG) has continued its expansion into the Canadian market with its purchase of Paul’s Hauling. The acquisition was made through its Canadian subsidiary…

WSIB freezes premiums for 2021

TORONTO, Ont. – The Workplace Safety and Insurance Board (WSIB) will not raise its premiums next year. That announcement was made by chairwoman Elizabeth Witmer at the board’s AGM…

ECONOMIC WATCH: Canadian spot market loads reach post-pandemic highs

TORONTO, Ont. – Canada’s spot market load volumes reached their highest levels in the first week of September since before the Covid-19 pandemic struck in March, according to Loadlink data.

AIPP delays spark online petition

ST. JOHN’S, N.L. – Hundreds of people including truck drivers have signed a petition demanding the quick processing of their permanent residency applications filed under the Atlantic Immigration Pilot…