Economy

Federal government wants CP Rail stoppage resolved quickly: O’Regan

The work stoppage at CP Rail could not have come at a worse time for Canadians and the government wants a deal to end the impasse immediately, said federal Labour Minister Seamus…

Cummins latest manufacturer to suspend Russian operations

The Cummins Board of Directors on Thursday decided to suspend all commercial operations in Russia indefinitely, in response to its attack on Ukraine. “We strongly condemn the actions of the…

Groupe Robert distribution center taking shape

Groupe Robert’s future distribution center is taking shape on Highway 30 near Varennes, Que., establishing what the company says will become one of the most automated facilities of its kind…

ZF joins vehicle and component manufacturers against Russian invasion

A growing number of global automotive, truck and component manufacturers have suspended operations in Russia as the country continues its war against Ukraine. ZF Group announced March 16 that in…

Canada’s spot market continues record-setting load growth

Canada’s spot market continues to offer an abundance of loads, “with no signs of slowing down any time soon,” according to Loadlink Technologies. February volumes were up 171% year over…

Hamilton reworks truck route proposals

City staff in Hamilton, Ont., have identified five alternatives for a proposed truck route master plan as they look to better manage the flow of heavy vehicles through a community…

Trailer orders steady in February

Trailer orders were steady in February at 26,500 units, according to preliminary data from ACT Research. That marks three consecutive months of steady orders and was down 0.7% from January,…

War in Ukraine creates risks for trucking conditions: FTR

The war in Ukraine is putting downside risk on trucking conditions, according to FTR’s Trucking Conditions Index (TCI). The index in January fell from 14.45 to 11.45 due to rising…

Titanium achieves record revenue, but acquisition-related costs weigh on profit

Titanium Transportation achieved record revenue of nearly $400 million in 2021, lifted by acquisitions and a strong freight market. But its profit slipped in the fourth quarter to $1.36 million,…

Supply chain challenges continue to restrain truck orders, analysts say

Orders for Class 8 trucks remain flat despite strong industry demand, signaling that OEMs expect ongoing supply chain challenges to continue for awhile yet. “By not booking more orders, OEMs…

Energy analyst warns of soaring diesel prices

One of Canada’s leading energy analysts is warning of “stratospheric” diesel prices in coming weeks and months, and the pressure is not limited to Russia’s invasion of Ukraine. “I don’t…

Titanium continues growing U.S. brokerage business with Atlanta office

Titanium Transportation has added a fifth U.S. freight brokerage, based in Atlanta, Ga. “Our decision to invest and expand our freight brokerage service offering in the U.S. reflects our ‘asset-light’…

TransPro buys iQ Logistics

TransPro Freight Systems has purchased iQ Logistics, a Mississauga, Ont.-based provider of cross-border LTL, warehousing, brokerage and logistics services. “iQL is honored to join KTG (Kriska Transportation Group) as part…

Premier Bulk Systems buys Lenco Tank Truck

Premier Bulk Systems announced it has acquired Lenco Tank Truck, a bulk transporter of liquid asphalt, propane, bunker oil, and cement. Lenco will be rebranded under the Premier Bulk Systems…

Cross-border truck freight surges in 2021

Trucks moved $827.9 billion in freight across North America’s borders in 2021, up 19.2% from 2020 and 7.2% over the pre-pandemic totals seen in 2019. Overall freight traveling between Canada…