Economy

ECONOMIC WATCH: Trucking conditions roared back in June

BLOOMINGTON, Ind. – FTR’s Trucking Conditions Index swung from a record low reading of -28.66 in April, to its strongest reading in a decade in June at 11.35. But the…

Truckers face unique Covid-19 risks

BRAMPTON, Ont. – Truck drivers should be ready to handle the unique risks they are facing in dealing with Covid-19, public health officials warned Thursday. They were speaking at a…

Truck arrivals fall 4% during Aug. 3-9

OTTAWA, Ont. – The number of truck drivers entering the country dropped 4% to 103,470 during the week of Aug. 3-9, from 108,087 in the comparable period last year, the…

Titanium posts strong second quarter as freight volumes rebound

BOLTON, Ont. – Titanium Transportation grew its profit by $400,000 in the second quarter year-over-year, after weathering the storm brought on by Covid-19. Its net income was $900,000 for the…

ECONOMIC WATCH: Freight index up in June

WASHINGTON, D.C. – The Freight Transportation Services Index (TSI), which shows the amount of freight carried by the for-hire transportation industry, rose 0.9% in June from May. Source: Bureau of…

U.S. groups call for probe into Mexican trucking industry

WASHINGTON, D.C. – The Owner-Operator Independent Drivers Association (OOIDA) and Teamsters want to know whether the U.S. trucking industry is harmed by an increase in cross-border trucking services provided by…

New truck staging site opens in Delta

DELTA, B.C. — A new truck staging facility has opened in Delta, B.C., making room for up to 140 vehicles. This will help to address long-standing road safety concerns in…

Used truck values down but moderating: Ritchie Bros.

TORONTO, Ont. – Ritchie Bros. continues to report weaker used truck and heavy equipment prices in Canada compared to last year, but the declines are easing. “Used equipment values in…

Montreal port strike could be costly: ACQ

MONTREAL, Que. — After rail blockades and the Covid-19 pandemic, the Quebec trucking industry is now facing another issue as the union of longshoremen of the Port of Montreal filed a…

Used truck market rebounds

MISSISSAUGA, Ont. – Covid-19 had created what a veteran salesman called “a fear factor” in the used truck market, but recent developments indicate a recovery is well underway. “The outbreak…

Truck arrivals continue to drop

OTTAWA, Ont. – The number of truck drivers entering the country dropped 7% to 102,985 during the week of July 27 – Aug. 2, from 110,324 the same week last…

ECONOMIC WATCH: Strengthening freight markets drive stronger truck orders

BLOOMINGTON & COLUMBUS, Ind. – Truck orders stormed back in July, with Class 8 orders marking the strongest month since October 2019 and Classes 5-8 orders reaching a six-month high.

Motion acquires TRC Hydraulics

DIEPPE, N.B. – Motion Industries, a subsidiary of Genuine Parts Companies, has acquired TRC Hydraulics – a supplier of hydraulic products and services in Atlantic Canada. TRC Hydraulics has been…

Canada’s economy recovering, but still well below pre-pandemic levels

TORONTO, Ont. – Canada’s real GDP rebounded by 4.5% in May, following two months of unprecedented declines, according to the latest data from Statistics Canada released July 31. (Source: StatsCan)…

Fewer trucking, warehousing employers apply for CEWS

TORONTO, Ont. – A shrinking number of transportation and warehousing employers have seen applications approved for the Canada Emergency Wage Subsidy (CEWS) – federal wage support which, until recently,…