Economy

TFI International posts strong Q3

MONTREAL, Que. – TFI International posted record Q3 results for operating income Thursday, highlighted by a 19% year-over-year increase in the truckload division. The company’s operating income was up 3%…

Shipper conditions remained positive in August

BLOOMINGTON, Ind. – Shipper conditions improved in August, reflecting a still-positive rate outlook, according to the latest FTR Shippers Condition Index. The August reading of 6.4 was up from July,…

GTA fleets, warehouses grapple with ‘unprecedented’ real estate market

TORONTO, Ont. – Truck fleets and warehousing operations in the Greater Toronto Area face a real estate market that has pushed rents and land values skyward. And the challenges are not expected to ease anytime soon.

CTA chief: ‘Where are the regulators?’

TORONTO, Ont. – Stephen Laskowski, the CEO of the Canadian Trucking Alliance, is clearly frustrated by the “small but growing” segment of the trucking industry that is circumventing a series of regulations to gain a business advantage. Check out his thoughts in this video from the Surface Transportation Summit.

U.S. truck tonnage steady in September

ARLINGTON, Va. – For-hire truck tonnage rose 0.2% in September, after a 4% decline in August. The American Trucking Associations (ATA) noted its index tracks contract freight, which is holding…

Manitoulin grows freight forwarding business

MONTREAL, Que. – Manitoulin Global Forwarding (MGF) has become one of Canada’s largest international freight forwarders with the acquisition of Associated Cargo Specialists (ACS). ACS Logistics has a network of…

Video: 2020 economic outlook for fleets and shippers

TORONTO, Ont. -- The economic pendulum has swung when it comes to setting trucking rates. Carriers are giving up some of the gains secured last year, particularly in the spot market. But other factors will continue to place pressure on rates in the year to come. Here were some of the related insights shared during the Surface Transportation Summit's presentation on the 2020 economic outlook.

Traction to open first corporate location in B.C.

LANGLEY, B.C. – Traction will open its first corporate store and a new distribution center in B.C. Currently serving Canada’s west coast with 12 associated Traction stores and other business…

Spot market loads, trucks, both declined in September

TORONTO, Ont. – Canadian spot market load volumes were in line with normal seasonal trends in the third quarter, and the truck-to-load ratio did not change from August to September,…

Freight volumes, Driver Inc., ELDs, key themes at STS

MISSISSAUGA, Ont. – Carriers are seeing a reduction in freight volumes, but are still experiencing a good year. That was a theme that emerged from discussions at the Surface Transportation…

Trailer orders bounce back

BLOOMINGTON, Ind. – Trailer orders rebounded in September, to 19,000 units according to preliminary figures from FTR. That marked the strongest month since February, as some fleets began placing orders…

Slow growth, but no recession ahead: Economist

Trucking sees softening conditions, but no "drop-off" in volumes, Surface Transportation Summit attendees hear

Trade war biggest threat to commercial vehicle market: ACT

COLUMBUS, Ind. – A trade war with China remains the key risk to the North American commercial vehicle outlook and the overall economy, according to a new report from ACT…

Trucking environment ‘mediocre’ for carriers: FTR

BLOOMINGTON, Ind. – The environment for carriers was “mediocre” in August, according to FTR’s latest Trucking Conditions Index (TCI). Active truck utilization edged down to 87.4%, and is expected to…

Last chance to register for Surface Transportation Summit

TORONTO, Ont. – The annual Surface Transportation Summit returns on Oct. 16, and there’s one final chance to register – and even save money in the process. The conference, hosted…