Economy

Freight metrics continue to deteriorate: ACT Research

Freight metrics continue to head south, according to ACT Research’s State of the Industry: NA Classes 5-8 Report. The industry forecaster said freight-related metrics that began to deteriorate in March…

AMJ Campbell signs 25-year deal with Atlas Canada

Mover AMJ Campbell has re-upped as a partner with Atlas Canada for another 25 years. “It is a momentous day in AMJ and Atlas Canada’s history together,” said Fred Haladay,…

Titanium posts record Q1 results

Titanium Transportation smashed its revenue record in the first quarter, generating $136 million and producing $5.97 million in profit – a 410% year-over-year increase. Truck transportation revenue was up 26%…

April trailer orders plunge as OEMs manage backlogs

April trailer orders dove 58% when compared to March volumes, plunging to 16,100 units. But that was up slightly year over year, reports ACT Research, citing its preliminary data. “While…

Lion Electric ramps up deliveries

Lion Electric delivered 84 vehicles in the first quarter, up from 24 over the same period last year, and grew its Q1 revenue by US$16.4 million to $22.6 million. The…

Truck builders to see ‘lower-for-longer’ order levels into 2023: ACT Research

Class 8 orders were “subdued” in April, according to preliminary data from ACT Research, due to constrained production levels and long backlogs. The industry analyst reported 15,800 Class 8 orders…

One in four truck drivers now 55-64

One in four of Canada’s truck drivers are between the ages of 55-64, outpacing the overall share of Canadian workers approaching retirement age. The observation, released by Trucking HR Canada,…

TFI upgrades outlook, unlocking more potential from TForce Freight

TFI International entered this year in the best position in the company’s history, and is only scratching the surface when it comes to unlocking the value from last year’s acquisition…

Manitoba budget commits $1.5 billion for highways over three years

Manitoba will invest $1.5 billion in its highway network over the next three years, part of $2.4 billion in infrastructure funding included in the 2022 provincial budget. Upgrades to highways…

Ontario budget promises billions for highways, commits to ELDs

Ontario’s provincial government is promising big spending on highways and other infrastructure in a budget released ahead of a June election. The document commits $25.1 billion over the coming decade…

TFI International off to ‘strong start’ as TForce Freight drives revenue growth

TFI International posted US$2.19 billion in Q1 revenue – a 91% year-over-year increase – while also growing net income 121% to $147.7 million. “The year is off to a strong…

CTA says latest StatsCan data paints dire labor picture

The Canadian Trucking Alliance (CTA) says recent data from Statistics Canada confirms the trucking industry is facing a demographic crisis. The new data shows Canada is facing record retirements at…

Carrier survey shows continued optimism despite rising costs

Carriers continue to be optimistic about growth in freight volumes and rates this year, despite rising costs that are squeezing profitability. That was the finding of a survey conducted by…

Canada’s spot market load volumes remain at record levels

Canadian spot market load volumes continued to surge in March but the pace of growth is slowing, Loadlink Technologies reports. March data also showed an increase in truck postings. Spot…

GTI Transport adds to U.S. operations

GTI Transport has purchased Nashville, Tenn.-based 3PL business Foxconn Logistics. The Novacap-backed company says the acquisition strengthens its container transport offerings south of the border. “The intricacies of container and…