Canadian truck, trailer aftermarket hits $4.06 billion preview image Transportation Canadian truck, trailer aftermarket hits $4.06 billion January 27, 2020 (Source: MacKay and Company) GRAPEVINE, Texas – The Canadian aftermarket that cares for Class 6-8 trucks, trailers and container chassis grew by 4% last year — reaching $4.06 billion. The…
Quebec premier meets Volvo head preview image Transportation Quebec premier meets Volvo head January 24, 2020 Electric vehicle production was a point of discussion when Volvo Group president Martin Lundstedt met with Quebec Premier Francois Legault. (Supplied photo) MONTREAL, Que. – Quebec Premier Francois Legault…
Concrete demand meets a driver shortage preview image Transportation Concrete demand meets a driver shortage January 23, 2020 Attendees file into the Canadian Concrete Expo, where concrete pumpers were widely on display (Photo: John G. Smith) TORONTO, Ont. – Look no further than the equipment rolling around Toronto…
ECONOMIC WATCH: U.S. Bank freight index ends 2019 on soft note preview image Business Management ECONOMIC WATCH: U.S. Bank freight index ends 2019 on soft note January 23, 2020 MINNEAPOLIS, Minn. – Overall freight shipment volumes and spending by U.S. shippers finished 2019 up 3.4% year-over-year, according to the U.S. Bank Freight Payment Index. But the index ended the…
ECONOMIC WATCH: Trailer orders slid 51% in 2019 preview image Transportation ECONOMIC WATCH: Trailer orders slid 51% in 2019 January 22, 2020 COLUMBUS, Ind. – U.S. trailer net orders finished 2019 down 51% from full-year 2018 levels, while December orders were off by 13% from November, according to ACT Research. “While seven…
ECONOMIC WATCH: 2019 truck tonnage choppy but positive preview image Transportation ECONOMIC WATCH: 2019 truck tonnage choppy but positive January 21, 2020 ARLINGTON, Va. – U.S. for-hire truck tonnage ended 2019 up 3.3% for the year, and saw a 4% increase in December from November levels. The full-year tonnage results marked the…
Transportation Blockade at Regina refinery leads to arrests January 21, 2020 REGINA, Sask. – In the midst of the labor dispute at the Co-op Refinery in Regina, Sask., the president of the union representing striking workers has been arrested. Along with…
Business Management ECONOMIC WATCH: Shippers continue to see favorable conditions January 21, 2020 BLOOMINGTON, Ind. – Conditions for U.S. shippers improved in November, with the FTR Shippers Conditions Index reading a positive 7.0 on the heels of three straight months at 6.4. All…
Magnum expands Abbotsford warehouse, doubles inventory capacity preview image Transportation Magnum expands Abbotsford warehouse, doubles inventory capacity January 16, 2020 Upgrades to Magnum’s warehouse will support a new Quick Ship Program that will increase inventory levels and reduce lead times on shipments. ABBOTSFORD, B.C. – Magnum Trailer and Equipment has…
ECONOMIC WATCH: Transportation, warehousing jobs dip preview image Transportation ECONOMIC WATCH: Transportation, warehousing jobs dip January 16, 2020 OTTAWA, Ont. – Canada shed 5,100 transportation and warehousing jobs between November and December, as totals dropped from 1,031,600 to 1,026,500, Statistics Canada reports. But the numbers are…
ECONOMIC WATCH: Trucking conditions remain ‘slightly negative’ preview image Business Management ECONOMIC WATCH: Trucking conditions remain ‘slightly negative’ January 16, 2020 BLOOMINGTON, Ind. – Trucking conditions remained in slightly negative territory in November, according to FTR’s latest Trucking Conditions Index (TCI). The index read -1.58, primarily due to weaker spot market…
Highlight Motor Group secures private equity investment preview image Business Management Highlight Motor Group secures private equity investment January 15, 2020 TORONTO, Ont. – Highlight Motor Group has received a $55 million funding boost from private equity firm Credit Mutuel Equity. Credit Mutuel Equity is the North American private equity arm…
Equipment ECONOMIC WATCH: Trailer market ends 2019 with weak orders January 14, 2020 BLOOMINGTON, Ind. – Trailer orders fell in December to 16,500 units, according to preliminary data from FTR, marking their worst month since August. Orders were down 17% from November, and…
Canadian spot market ends 2019 on high note preview image Transportation Canadian spot market ends 2019 on high note January 14, 2020 TORONTO, Ont. – Canada’s spot market ended 2019 with a strong fourth quarter, with load volumes increasing and truck volumes on the decline, according to the latest data…
Trimble to acquire Kuebix, creating massive network preview image Mobile and IT Trimble to acquire Kuebix, creating massive network January 9, 2020 The Kuebix transportation management system interface and app. SUNNYVALE, Calif. – Trimble has announced that it’s acquiring Kuebix, in a deal that it says will connect North America’s largest network…
