Economy

Truck leasing experts open fancy new Ontario digs

CAMBRIDGE, Ont.-- Penske Truck Leasing today opened a brand new $6 million 18,000 sq ft state-of-the-art facility in Cambridge, Ont.

ATA truck tonnage shows consecutive increase

ALEXANDRIA, Va. -- New truck tonnage numbers in the U.S. seem to bode well for those that were hoping for at least a small turnaround in the freight-hauling industry.

Quebec Paccar plant wins prestigious biz award

STE. THERESE, Que. -- Paccar's plant in Ste. Therese, Que., was named "Business of the Year" and received the Human Resources award in the large business category at the 27th edition of the Mercuriades competition.

Paccar sales surge in the face of NA downturn

BELLEVUE, Wash. -- What to do when the North American truck-making industry is slated for a 35 percent downturn in the heavy-duty sector? Simple. Boost sales overseas.

SPECIAL REPORT: Alberta still no go on HOS: Minister

BANFF, Alta. -- While other Canadian provinces have already adopted federal hours-of-service rules, Alberta says it still doesn't have a timetable of when it will mirror Ottawa's regulation which came into effect Jan. 1, 2007.

Trailer demand holding up: Bear Stearns

NEW YORK -- North American truck sales might still be stagnant, but overall trailer demand has remained more or less robust, according to transportation market experts Bear Stearns.

Atlantic quartet looks to cut red tape for small businesses

MONCTON, N.B. -- Ministers and officials from the four Atlantic provinces recently sat down with industry representatives in Moncton to discuss reforming regulations for small and medium-sized business.

Freightliner launches all new Cascadia highway truck

CHARLOTTE, N.C. - After 16 months of wind-tunnel testing and over a million hours of design work, Freightliner Trucks launched the entirely new Cascadia on-highway truck today.

Navistar files counter-suit against Ford

CHICAGO -- Navistar International said this week that it has filed a counter-complaint against Ford Motor Co. for breach of contract and is seeking damages.

BREAKING NEWS: U.S. equity firm buys Canada Cartage

TORONTO -- As expected, Canada Cartage Diversified Income Fund, which controls Canada's 11th largest for-hire trucking carrier, has been bought by Providence, RI private equity firm Nautic Partners VI, LP, for $140 million.

SPECIAL REPORT: Could possible Canada Cartage deal spur more takeovers?

TORONTO -- Despite the traditional view that trucking trusts aren't attractive to private equities, news that such a player is in talks to buy Canada Cartage Diversified Income Fund has led transportation analysts from RBC Capital Markets to speculate if other transport trusts are ripe for similar takeovers in the future.

Ancra cuts ribbon at new Canadian facility

MISSISSAUGA, Ont. -- Ancra International has opened a brand new facility in Mississauga, Ont. which will service all of Ancra's Canadian customers, as well as provide a strong base for Ancra's continued growth in the Canadian market, the company says.

Reduce trade barriers and integrate economies: Manning & Harris

TORONTO -- Canada needs to stop paying lip service to free trade and start doing more to spur free markets, including streamlining customs operations with the U.S., say two former prominent Canadian politicians.

Cummins in strongest position ever as a company: CEO

COLUMBUS, Ind. -- Despite what's supposed to be a downturn year for diesel truck sales, engine maker Cummins says it's poised to build off its record 2006 with an even stronger performance

Auto prods lead rebound in exports; imports hit record high

OTTAWA -- Canadian imports and exports set new record highs in March, as transportation flows returned to normal following a disruption to rail traffic in February.