TFI earnings fell in Q1, but market conditions creating M&A opportunities

TFI International suffered declines in revenue and net income in the first quarter, but feels optimistic conditions are ripe for a meaningful acquisition later this year. The company posted Q1…

Shippers experiencing mostly ‘favorable and stable’ conditions

Conditions were little changed for shippers in February, with an environment that was mostly favorable and stable. Industry analyst FTR’s Shippers Conditions Index fell slightly on the month, to 5.1…

Pets, pay, and other ways Best Fleets are improving the workplace for drivers

The Best Fleets to Drive For program run by CarriersEdge for the Truckload Carriers Association (TCA) is a wrap. The scoring has been completed. The winners have been publicly acknowledged.

AMTA orders Nikola Tre battery-electric, and hydrogen fuel cell trucks for demonstrations

The Alberta Motor Transport Association (AMTA) is taking delivery of two Nikola trucks for demonstrations in the province as part of its Hydrogen Commercial Vehicle Demonstrations Project. The trucks include…

Mixed bag for Canada’s spot market in March

Canada’s spot market softened again in March, with load volumes down 6% from February levels and 53% year over year. Meanwhile, truck postings surged 29% from February, with 2.51 trucks…

Economic Trucking Trends: Q1 earnings paint grim picture as freight conditions deteriorate

Publicly traded U.S. fleets have begun reporting Q1 earnings, and they aren’t pretty. Spot market rates continue to be below operating costs, squeezing smaller carriers out of the marketplace. But…

Natural gas truck sales ‘fickle’ so far this year

Natural gas truck sales in the U.S. and Canada remain “fickle,” according to an industry analyst, with December sales down 47% year over year and January down an even sharper…

Tourmaline, Clean Energy to build CNG fueling network in Western Canada

Canada’s largest natural gas producer Tourmaline Oil and Clean Energy Fuels announced they will jointly build a $70-million compressed natural gas (CNG) fueling network in Western Canada. Truck fleets such…

Hexagon Purus sets roots in Kelowna, where it will design and build BEV battery packs and…a new truck?

Kelowna, B.C., birthplace to diesel-powered Western Star mining and logging trucks, is now the home to a state-of-the-art battery plant that will power battery-electric commercial trucks, including one that will…

Truck tonnage in March saw largest loss since pandemic

U.S. for-hire truck tonnage plummeted 5.4% in March, the largest sequential decline seen since April 2020 at the beginning of the pandemic. The drop comes on the heels of a…

NFI doubles Canadian footprint with SDR Distribution acquisition

NFI Industries has increased its Canadian presence, buying SDR Distribution Services and doubling its Canadian distribution footprint in the process. SDR is a multichannel provider of custom warehousing and distribution…

Transflo offers fuel payments through digital wallet

Transflo and Fleetcor have come together to create Transflo Wallet, an app-based cardless fuel payment offering. The companies say freight brokers will be able to more…

Ancra consolidates two business units

Sister companies Ancra Cargo and Ancra Systems BV are consolidating operations, to expand North American infrastructure and raise awareness about their product lines and cargo technologies in Europe. Current Ancra…

Grote Industries buys Star Headlight & Lantern

Grote Industries has purchased Star Headlight & Lantern, combining the two multi-generational family businesses. The latter will operate as the Star Safety Technologies by Grote subsidiary, a holding company wholly…

Volta to bring electric trucks to North American market

European electric truck maker Volta Trucks has announced plans to bring its trucks to the North American market. It will show its vehicle in the U.S. for the first time…