Business Management Economic Trucking Trends: Spot market rates, freight fundamentals improving January 19, 2024 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…
Business Management Stars aligning for a busy year in M&A: Tenney Group January 19, 2024 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…
Business Management CUSMA review must consider trucking input January 18, 2024 Simply put, the trucking industry is a demand-derived service sector. The members of all three national North American trucking associations – the Canadian Trucking Alliance (CTA), American Trucking Associations (ATA)…
Business Management Mullen Group signs LOI to acquire ContainerWorld January 17, 2024 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…
Business Management Economic Trucking Trends: Slowing Class 8 sales could cause OEs to curtail production January 12, 2024 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…
Business Management ‘Stagnant’ trucking market expected in 2024: FTR January 11, 2024 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…
Business Management A united trucking industry is a stronger trucking industry January 10, 2024 Making New Year’s resolutions is not my bag. Never had much interest in dealing with my most undesirable traits. This year, though, I’m making a resolution for the Canadian trucking…
Business Management What’s in store for 2024 January 9, 2024 The last three years have proven the need for a skilled, engaged, and productive trucking and logistics workforce, and 2024 will be no different. From drivers to warehouse workers, office…
Business Management Metro Supply Chain buys SCI Group from Canada Post, Purolator January 9, 2024 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…
Business Management Economic Trucking Trends: Less Class 8 demand, lower used truck prices and stronger rates January 5, 2024 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…
Business Management Westland Insurance makes two acquisitions in Alberta January 4, 2024 Westland Insurance has acquired Dyberg Insurance and Prairie Villa Insurance, effective Jan. 1. Prairie Villa Insurance has roots going back to 1973 in northern Alberta, now with three offices…
Business Management Add your voice to help CTA pursue full 2024 agenda January 3, 2024 It may be an inside baseball cliché to many of us in the industry, but I never tire of reminding people who I know that: “If you got it, it…
Business Management 2024 Trucking Outlook: Eassons Transport January 1, 2024 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…
Business Management 2024 Trucking Outlook: Fastfrate Group December 29, 2023 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…
Business Management 2024 Trucking Outlook: Alchemist Specialty Carriers December 28, 2023 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…