Economic Trucking Trends: Spot market rates, freight fundamentals improving

We begin 2024 with mostly good news. While December marked a softening of Canadian spot market freight volumes, in the U.S. spot market rates are rising and closing the gap…

Stars aligning for a busy year in M&A: Tenney Group

Rapidly deteriorating market conditions last year put the brakes on many mergers and acquisitions, but valuations are normalizing, paving the way for more activity this year. Speaking on a Truckload…

CNTL reaches tentative agreement with owner-ops

CN has reached a deal with its CNTL drivers represented by Unifor. CNTL provides first- and last-mile container trucking deliveries for the railway. The tentative four-year agreement covers about 750…

Cummins, Paccar and Daimler choose Mississippi for battery cell plant

The battery cell production collaboration between Accelera by Cummins, Daimler Truck and Paccar, will produce their batteries in Mississippi. The joint venture will create more than 2,000 manufacturing jobs there,…

Mullen Group signs LOI to acquire ContainerWorld

Mullen Group has announced its intent to purchase Richmond, B.C.-based ContainerWorld Forwarding Services. Mullen has signed a letter of intent and has initiated due diligence to purchase the company, which…

Economic Trucking Trends: Slowing Class 8 sales could cause OEs to curtail production

The first half of January 2024 is nearly in the books, and with it comes news that shippers are loving life thanks to lower fuel costs and other improving metrics…

‘Stagnant’ trucking market expected in 2024: FTR

Steady consumer spending habits and falling diesel prices could prolong a capacity surplus affecting the trucking industry well into 2024. Speaking during a State of Freight webinar by FTR, Avery…

Metro Supply Chain buys SCI Group from Canada Post, Purolator

Canada Post and Purolator have agreed to sell their third-party logistics firm SCI Group to Montreal-based Metro Supply Chain. Canada Post says the move comes as it transforms to better…

Cummins invests in Rocky Mount Engine Plant

Cummins has announced it will spend US$580 million to ready its Rocky Mount Engine Plant (RMEP) for production of its fuel-agnostic engine platform. “We are excited to be driving continued…

PacLease closes books on record year

PacLease says it achieved record truck deliveries last year, while adding 26 locations in the U.S. “We’re well positioned,” said Ken Roemer, president of Paccar Leasing. “Last year we saw…

Economic Trucking Trends: Less Class 8 demand, lower used truck prices and stronger rates

As we close the books on 2023, we see Class 8 orders weaken but close out a strong year with healthy demand and a historically strong run rate. Used truck…

2024 Trucking Outlook: Eassons Transport

As 2023 winds down we surveyed several Canadian fleet executives to find out what they feel 2024 has in store. We conclude the series by visiting the east coast, and…

2024 Trucking Outlook: Fastfrate Group

As 2023 winds down we surveyed several Canadian fleet executives to find out what they feel 2024 has in store. We turn today to Ron Tepper, head of Tepper Holdings…

2024 Trucking Outlook: Alchemist Specialty Carriers

As 2023 winds down we surveyed several Canadian fleet executives to find out what they feel 2024 has in store. Today, we turn our attention to the west coast and…

2024 Trucking Outlook: Musket Transport

As 2023 winds down we surveyed several Canadian fleet executives to find out what they feel 2024 has in store. Today, we present the outlook from Andy Balij, president of…