Economy

Truck arrivals fall for a third consecutive week

OTTAWA, Ont. – The week of Sept. 21-27 saw a 3% drop in the number truck drivers arriving in the country, the Canada Borders Services Agency (CBSA) said Tuesday. It…

Commercial vehicle market rebounded sharply, but full recovery not imminent

BLOOMINGTON, Ind. – The commercial vehicle market bounced back much more quickly and strongly than expected, but it will be late 2021 before it reaches pre-pandemic levels. During an FTR…

Truck driver employment surges

OTTAWA, Ont. – After an initial contraction in truck driver employment at the beginning of the pandemic, there has been a significant recovery in employment over the past few months,…

Commercial vehicle market recovery quicker, stronger than expected

RESEARCH TRIANGLE PARK, N.C. – Heavy-Duty Manufacturers Association (HDMA) members responding to a September Pulse Survey said they expect their U.S. and Canada commercial vehicle business to be down an…

Freight volumes rise for a third consecutive month

TORONTO, Ont. — Volumes on Loadlink’s Canadian spot market rose 2% in August, the third consecutive monthly rise, according to Loadlink Technologies. Year-over-year, August load postings were also up 2%…

Precision Specialized to tackle most challenging oversize load yet

BURLINGTON, Ont. – It’s a move so long and complex, nothing is being left to chance. Even a mobile washroom is being taken along. Yet, the pickup and delivery locations…

Maximetal expanding production capabilities

ST-GEORGES, Que. – Utility truck manufacturer Maximetal is adding 10,000 sq.-ft. to its operations to keep pace with surging demand, the company announced. The new site will be around the…

ECONOMIC WATCH: Shippers’ conditions deteriorate as rates swing in carriers’ favor

BLOOMINGTON, Ind. – Shippers’ conditions deteriorated in July, falling into negative territory for the first time since August 2018, FTR reports. The FTR Shippers Conditions Index (SCI) recorded a -0.36…

Truckload turnover plunges in Q2

ARLINGTON, Va. — The annualized turnover rate at both large and small truckload carriers experienced declines of double-digit percentage points in the second quarter as the industry was roiled by…

Trucks moved transborder freight worth US$60.7B in July

WASHINGTON, D.C. – Trucks moved freight valued at US$60.7 billion between the U.S., Canada and Mexico in July, up 7.5% from the previous month, but down 4.9% from July 2019,…

Truck arrivals continue to fall

OTTAWA, Ont. – The number of truck drivers entering the country continued to drop during the week of Sept. 14-20 after falling 16% in the previous week, the Canada Borders…

ECONOMIC WATCH: U.S. truck tonnage dives in August

ARLINGTON, Va. – U.S. for-hire truck tonnage plunged 5.6% in August, following a revised 1.4% decrease in July. “The August softness suggests that freight is very uneven in the trucking…

Laskowski laments inaction on Driver Inc.

OTTAWA, Ont. – The biggest challenge facing the Canadian trucking industry is the underground economy, and it is time the government did something about it, the president of the Canadian…

ECONOMIC WATCH: Trailer orders surge, but does strength have legs?

COLUMBUS, Ind. – U.S. net trailer orders totaled 28,319 units, a 49% improvement from July and up 160% year-over-year, ACT Research reports. “Conversations in recent months have indicated a change…

ECONOMIC WATCH: Trucking benefiting from K-shaped recovery

COLUMBUS, Ind. – It’s a K-shaped economic recovery, according to ACT Research, but fortunately trucking is on the upper half of the K. “What this means is that a large…