Economy

Swift action, government subsidies support Mullen Group rebound

OKOTOKS, Alta. – Mullen Group provided a mid-quarter update today, to update investors on how its business has been impacted by the Covid-19 pandemic. “The trend is up,” said Murray…

TFI International buys Gusgo Transport

MONTREAL, Que. – Canada’s largest trucking company just got bigger. TFI International has announced an agreement to acquire Gusgo Transport, a container and storage company with operations in Vaughan,…

ECONOMIC WATCH: U.S. spot market rates reach pre-shutdown levels

PORTLAND, Ore. – U.S. spot market rates have recovered to pre-Covid-19 levels, according to data from DAT covering the week of June 1-7. Following weeks of volatility, spot rates settled…

Don’t expect quick economic recovery, B.C. economist warns

LANGLEY, B.C. – B.C. has done a good job containing the Covid-19 outbreak, but that doesn’t mean it will escape lasting economic fallout. Ken Peacock, vice-president and chief economist of…

ECONOMIC WATCH: Trucking conditions hit worst levels ever in April

BLOOMINGTON, Ind. – U.S. trucking conditions hit their worst ever levels on the FTR Trucking Conditions Index in April, at -28.66 reflecting the contraction due to the Covid-19 pandemic. The…

ECONOMIC WATCH: Rates at risk as unemployed drivers return

COLUMBUS, Ind. – The U.S. freight market has stabilized, but excess capacity could put a rate rebound at risk, according to ACT Research. The industry analyst published the June installment…

Truck crossings up 14% from last week of May

OTTAWA, Ont. – The number of truck drivers entering the country last week rose more than 14% from the previous week, but was still down 17% from the same period…

ECONOMIC WATCH: Freight index falls most since recession

WASHINGTON, D.C. – The Freight Transportation Services Index (TSI), which shows the amount of freight carried by the for-hire transportation industry, fell 7.7% in April from March amid an economic…

Covid-19 shuffles M&A landscape

TORONTO, Ont. — The Covid-19 crisis has put many trucking companies on the ropes, while also creating a new set of well-liquidated first-time buyers. Because the pandemic has hit certain…

Canada’s Top 100 truck fleets topped by TFI International

TORONTO, Ont. — Today’s Trucking magazine has updated its annual ranking of Canada’s top 100 truck fleets by size, and there’s a familiar name at the top of the list.

Top 100 for-hire truck fleets (Ranking 26-50)

TORONTO, Ont. — Today’s Trucking’s Top 100 list of for-hire truck fleets continues, with numbers 26-50 based on equipment counts. The rankings are based on equipment counts gathered during extensive…

Top 100 for-hire truck fleets (Ranking 51-75)

TORONTO, Ont. — The Today’s Trucking Top 100 list continues from positions 51-75. All rankings are based on equipment counts gathered through extensive telephone polling in January and February of…

Top 100 for-hire truck fleets (Ranking 76-100)

TORONTO, Ont. — The Today’s Trucking Top 100 list — the definitive ranking of Canada’s largest for-hire truck fleets — is rounded off with fleets 76-100. Rankings are based on…

Used truck prices drop in Canada, but better than U.S.: Ritchie Bros. data

VANCOUVER, B.C. – Canada’s used truck prices have dropped in recent months, but they are faring better than the prices in the U.S. The findings emerge today in the release…

Navistar earnings hit by Covid-19

LISLE, Ill. – Navistar International reported a Q2 loss of US$38 million, on falling revenues of $1.9 billion, a 36% decline year-over-year. The company said the decrease was primarily due…