Economy

Fleets see 7.11mpg in NACFE fleet fuel study

WASHINGTON, D.C. - New fuel-efficient technologies continue to be cost-savers, to the tune of over $7,000 per truck, per year, according the 2017 annual Fleet Fuel Study conducted by the North American Council for Freight Efficiency (NACFE).

Trucking costs up in June: FTR

BLOOMINGTON, IN - Trucking was costlier in June, compared to the month before, according to FTR Transportation Intelligence. The industry forecasting website said June saw costs for labor, fuel, and purchased transport increase over those in May.

Detroit Reman acquiring Mascot Truck Parts

DETROIT, MI - Detroit Diesel Remanufacturing is acquiring the U.S. and Canadian business units of Mascot Truck Parts, which remanufactures driveline components for heavy-duty and medium-duty trucks.

Total aquires Maersk Oil & Gas for nearly $7.5B

PARIS, FRANCE - In a debt for stock swap, petroleum company Total has acquired Maersk Oil & Gas from A.P. Moller. The Scandinavian transportation and energy company will receive nearly $5 billion in Total stock, while Total takes on $2.5 billion in debt from Maersk Oil & Gas. Total has also offered a seat on its board to A.P. Moller's main shareholder.

Trout River and Valley Equipment announce partnership

COLEMAN, PEI - Trout River Industries and Valley Equipment Ltd. have partnered in a deal that will see Valley Equipment and its sister locations become full-service dealers for the live-bottom trailer manufacturer. Valley Equipment, along with Northeast Truck & Trailer Inc. announced they will be the dealer for Trout River Industries for Atlantic Canada.

For self-driving tech, weather is snow easy job

NASHVILLE, TN - Trucking is rolling into the future, and the trucks may be getting there all by themselves. Autonomous trucking was the topic of the moment this week at the 2017 In.Sight user conference and expo in Nashville, with panelists disagreeing on what is possible and in what timeline. Development of autonomous technology still faces a lot of obstacles including, one panel noted, snowbanks.

ATRI looks to ID top trucking issues

NASHVILLE, TN - The American Transportation Research Institute (ATRI) officially opened its 2017 Critical Issues in the Trucking Industry Survey during the In.Sight user conference and expo.

Speed up truck border crossings: CFIB

OTTAWA, ON - The Canadian Federation of Independent Business (CFIB) is asking the federal government to help speed up border crossings for trucks, as work begins to renegotiate the North American Free Trade Agreement.

Gibson Energy should shed trucks: Investor

LONDON, UK - M&G Investments is calling for a wide array of changes at Gibson Energy, including the exit of all trucking business not linked to core infrastructure assets.

Trucks haul 80% of U.S. freight: ATA

ARLINGTON, VA – The U.S. trucking industry accounted for 79.8% of the nation’s freight bills in 2016, amounting to US $676.2 billion, the American Trucking Associations concludes. The organization’s newly…

Hankook sales up, profits down

BRAMPTON, ON - Hankook Tire is reporting higher sales but lower profits in the second quarter of 2017, in the face of rising raw material costs.

Trimble announces new transportation divisions

NASHVILLE, TN - Trimble has created two new divisions as part of its transportation segment. The company made the announcement August 14 as part of day one of the In.Sight User Conference and Expo 2017, hosted by Trimble companies TMW Systems and PeopleNet. Presidents Brian McLaughlin and David Wangler are heading up the new divisions, while also keeping their old titles.

Saskatchewan association continues carbon tax fight

REGINA, SK - Saskatchewan Premier Brad Wall is retiring from politics, but the Saskatchewan Trucking Association is continuing his fight against carbon pricing - and also recommending steps that should be followed if such a tax becomes a reality. "We have supported the provincial government's stance on a carbon tax since the beginning, and that has not changed," said Susan Ewart, executive director, when releasing a related white paper on Friday. "The actions the federal government is planning on taking for backstop jurisdictions are not trucking-friendly and place an unfair burden on industry. Proper policy planning will prevent those actions." According to the association, a carbon tax would create an administrative burden, give U.S. carriers operating in Canada a competitive advantage, create budgeting challenges for trucking companies, and create inequalities between different transportation modes because of exemptions for marine and aviation.

Titanium continues acquisition hunt

BOLTON, ON - Titanium Transportation Group continues its search for companies to acquire, focusing mainly on Ontario-based truckload fleets with cross-border van or flatbed business.

Titanium logistics rises, company eyes acquisitions

BOLTON, ON - Titanium Transportation Group has reported record results in a quarter that featured a 9% boost in revenue to $32.8 million, and EBITDA up 7% to $3.4 million. The gains were primarily in its logistics business.