Economy

Freight tonnage increases at VanPort: Petroleum, breakbulk strong

VANCOUVER -- Trade through the Port of Vancouver grew four percent to 79.3 million tonnes in 2006, with container traffic reaching 2.2 million TEUs (twenty foot equivalent units).

U.S. trucking slow, but faces long-term grow: Trucking economist

ALEXANDRIA, Va. -- The trucking industry may be facing a slowdown this year, but the longer term outlook is still something to feel good about, according to Bob Costello, the American Trucking Associations' chief economist and vice president.

Bendix takes fight against fake parts up a gear

ELYRIA, Ohio -- One of North America's most vocal businesses against counterfeit vehicle parts continues to spread its message.

Canada must embrace China or risk falling behind: Economist

TORONTO -- Canada can benefit from China's rapid emergence as an economic powerhouse, but must do a better job of forging a Sino-Canadian economic relationship, says Dr. Sherry Cooper, chief economist of BMO Capital Markets.

MAN backs off Scania; Navistar may be ‘Plan B’

FRANKFURT -- German truckmaker MAN AG is throwing in the towel in its months-long quest to buy Swedish rival Scania AB -- adding it would instead pursue a friendly partnership with the growing company.

Schneider marks 34 straight years of growth

GREEN BAY -- Schneider National, one of the top 10 largest truckload carriers in North America, announced it has achieved consolidated revenue growth for a 34th consecutive year, ending 2006 with $3.7 billion in revenue, up from $3.4 billion in 2005.

GM may put Allison on the block; Analyst predicts trucks could be next

NEW YORK -- General Motors says it's looking to sell off its Indianapolis-based Allison Transmission commercial and military operations as part of a strategy to

Ont., Que. manufacturers drag ’07 outlook down

OTTAWA -- Like truckers, Canadian manufacturers overall don't have high hopes that 2007 will be a good year.

Mullen to reinvest capital in trucking ops

CALGARY -- Mullen Group Income Fund declared its 2007 capital budget for expenditures to be $35 million.

Suppliers spin around global trucking predictions

LAS VEGAS -- Will a 'global' truck ever catch on in North America?

Sikanni Services adds oilfield fleet to the family

RED DEER, Alta. -- Oilfield management company Sikanni Services has acquired oil transport and drilling fleet Twilight Oilfield Hauling Group for $37 million.

Goodyear appoints new Canadian boss

AKRON, Ohio, -- The Goodyear Tire & Rubber Company today named Charles "Chuck" Mick to the newly created position of vice president and general manager of North American holdings and integration.

International’s ProStar rolls off assembly lines in Ontario

CHATHAM, Ont. -- Several years in the making, International Truck's new aerodynamic Class 8 tractor, the flagship International ProStar, is finally rolling off the assembly line as scheduled at the company's Chatham, Ont., plant.

FedEx expands CND LTL footprint via Watkins acquisition

MEMPHIS, Tenn. FedEx Corp. officially launched its new long-haul LTL service, FedEx National LTL; as well as direct LTL service in Canada through the newly-formed FedEx Freight Canada.

Cummins expands Uptime Guarantee to ’07 engines

COLUMBUS, Ind. -- Cummins has announced that its EPA-approved, low emissions heavy-duty ISX and ISM on-highway truck engines for 2007 will be covered by its exclusive Uptime Guarantee.