Economy

Ritchie Bros. Edmonton auction nets over $72 million in sales

EDMONTON, Alta. – Ritchie Bros.’ latest Edmonton, Alta. auction brought in more than $72 million in sales, with around 70% of the equipment being sold online. “We continue to see…

Shipper conditions deteriorated in April

BLOOMINGTON, Ind. – Conditions for U.S. shippers took a step back in April, due to stronger rail rates and higher fuel prices, according to FTR’s Shippers Conditions Index. However, FTR…

Trailer orders reach lowest point since 2016: FTR

BLOOMINGTON, Ind. – The red-hot trailer market continues to cool, with May orders of 11,700 units marking the lowest total since July 2016. FTR reports orders for 2019 production have…

Class 8 market showing signs of cooling: ACT

COLUMBUS, Ind. – Class 8 retail sales and build are at near record high levels, but there’s evidence that shows a change in direction is mounting. That’s according to ACT…

Trucking execs say labor shortage is top concern

TORONTO, Ont. – Senior Canadian fleet executives have overwhelmingly identified a labor shortage as the trucking industry’s top concern – and they see higher wages, better working conditions, and immigration as solutions. The findings emerge through a Nanos Research report that was based on an extensive survey of 32 executives through the Canadian Trucking Alliance (CTA).

Cratex opens location in Nisku, Alta.

NISKU, Alta. – Cratex Industries, an industrial packaging and crating company, celebrated the grand opening of its new facility in Nisku, Alta., June 21. The new location offers an array…

Rising truck insurance costs steering business decisions: Survey

TORONTO, Ont. – Almost one in five surveyed members of the trucking industry say they have been forced to decline work because of the related truck insurance costs, a…

U.S. truck tonnage slips in May

ARLINGTON, Va. – U.S. for-hire truck tonnage slipped 6.1% in May, according to the American Trucking Associations (ATA). That came on the heels of a surprising 7% jump in April.

Truck orders slump, retail sales hold steady

Daimler Trucks North America continues to dominate Class 8 retail sales. (Photo: Daimler Trucks North America) TORONTO, Ont. – North American Class 8 truck orders continue to plunge this year,…

ONroute Service Centres sold

TORONTO, Ont. – ONroute Service Centres – a chain of 23 service plazas and rest areas with a presence along major Ontario highways – has been sold to Arjun Infrastructure…

Loadings growth slowing, rates on the decline: FTR

BLOOMINGTON, Ind. – Trucking rates are expected to decrease about 7% this year, primarily driven by the spot market, with contract rates flat to down 1%. That’s the projection from…

Spot market load volumes increased in May

TORONTO, Ont. – The Canadian spot market heated up in May, with load volumes rising against a lesser increase in truck volumes. TransCore Link Logistics reported daily average load postings…

Industries voice concern as Trump tariffs loom

Daimler’s truck manufacturing plant in Saltillo, Mexico, recently celebrated its 10th anniversary, coinciding with the production of its 400,000th unit. (Photo: Daimler Trucks North America) TORONTO, Ont. — As Mexico…

Class 8 truck orders “chilly” in May

BLOOMINGTON, Ind. – Class 8 truck orders “scraped the bottom of the order cycle” in May, according to FTR, coming in at a “chilly” 10,400 units. That’s 29% off April…

Airless tires, autonomous tech, and future of mobility at Movin’On

MONTREAL, Que. – The annual Movin’On Summit is a free-flowing think tank of sorts, sharing ideas about sustainable transportation against a backdrop that looks something like the setting for a post-apocalyptic movie. Maybe the exhibit at a modern art museum.