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Economy
CTA wants harmony on 11 issues
TORONTO, ON – Leaders of the Canadian Trucking Alliance (CTA) and provincial trucking associations have come together to identify 11 industry issues that could benefit from improved harmonization. The call is designed to support a new task force under the Council of Ministers Responsible for Transportation and Highway Safety, established in September 2016, and complements existing initiatives like the National Task Force on Weights and Dimensions. “This is a great opportunity for further collaboration between industry and government,” said Stephen Laskowski, president and Chief Executive Officer of the alliance. “CTA commends the provincial trucking associations for their efforts in contributing to our submission and looks forward to working with all interests in addressing the issues identified.”
Parts is Parts? Hardly. Observations from Heavy Duty Aftermarket Week.
LAS VEGAS, NV -- Children of the 1980s might recall a Wendy’s commercial that mocked the quality of chicken sandwiches from competing fast food chains. “Parts is parts,” the cashier for a generic restaurant says with a shrug, suggesting different pieces can be fused together into some sort of processed Frankenchicken. There are clearly differences in parts, though.
Sobey’s, Ocado partner on grocery delivery
TORONTO, ON – Another grocery giant will be entering the home delivery space in Canada. Sobey’s is partnering with grocery software and order fulfillment company Ocado Group to build a web shop and Customer Fulfilment Center (CFC) in the Greater Toronto Area (GTA).
Ontario investments should focus on green tech, safety and parking: OTA
TORONTO, ON – The Ontario Trucking Association (OTA) is calling on the government to offer more support for green-trucking technology and alternative fuels, increase truck parking, and promote driver safety oversight programs. The group met with the provincial government today as part of pre-budget consultations. The Ontario budget is expected to be released this Spring ahead of a June 7 election. The OTA says it commended the government for reinvesting carbon fees paid by the trucking industry back into the sector in the form of rebates for fuel-saving devices and natural gas and electric-powered vehicles, but stressed that low carbon programs should reflect the realities of the modern supply chain.
Truck tonnage down in December: ATA
ARLINGTON, VA — Truck tonnage dropped for the first time in three months in December, according to the American Trucking Associations (ATA). The group’s seasonally adjusted index fell for the first time since September, losing 5.7% month-over-month, but was up 5.9% over the same time the year before – a finish the ATA called very strong.
Stable economic growth to continue in U.S.
LAS VEGAS, NV – The U.S. government itself shut down over the weekend, but the overall economy of Canada’s largest trading partner seems to be in good shape. The country’s Gross Domestic Product expanded by 2.3% over the past year. “This is, all in all, a decent number but not an impressive number,” said Bill Strauss, senior economist and economic advisor with the Chicago Federal Reserve. Annual growth experienced in the 1990s was closer to 3-4%. But steady growth like this can be good news, easing the concern about a market correction, he told a crowd at the Heavy Duty Dialogue in Las Vegas. The country is in the midst of its third-longest expansion in history, now in its ninth year.
Communication key to distributor partnerships
LAS VEGAS, NV – Price plays a role in any business transaction, but strong relationships continue to be a differentiator when it comes to selling truck parts -- even in an era of e-commerce. “It’s changed the way communication happens, but it doesn’t change the type of communication,” says Carl Mesker, SAF Holland’s vice president - aftermarket. “What’s critically important is the relationship and the trust.”
Canada’s heavy-duty aftermarket worth $4.2 billion
LAS VEGAS, NV – Repairing trucks and trailers is big business in Canada, and it’s getting bigger. The nation’s aftermarket serving Class 6-8 trucks and trailers was worth $4.2 billion in 2017, and is projected to reach $4.4 billion this year, according to analysts at MacKay and Company. Parts prices are expected to rise 3.7% because of factors including the Canada-U.S. exchange rate. “Everything looks fairly positive,” says John Blodgett, vice president - sales and marketing, referring to growth in oil activity, the Gross Domestic Product, and international trade. “Obviously if the U.S. screws up NAFTA and provides some issues there … that could potentially have a negative impact. Hopefully level heads will figure that out and we won’t have too much impact from that.” Like most other analysts, the team at MacKay and Company was surprised by the 2017 market for equipment sales. In a good way.