Business Management TFI acquires truck transporter JHT Holdings August 7, 2023 TFI International has acquired JHT Holdings, a Wisconsin-based company that transports finished Classes 6-8 trucks to dealers and end customers. The company was founded in 1933 and works for truck…
Business Management Economic Trucking Trends: Class 8 orders hold up, shipper conditions improve August 4, 2023 Class 8 truck OEMs have yet to fully open 2024 orderboards, and strong production levels continue to eat away at the backlog. Shippers are still in the driver’s seat and…
Business Management U.S.-based ground transportation revenue, margins back to pre-pandemic levels: Andlauer August 3, 2023 Andlauer Healthcare Group secured a “solid” $157.4 million in revenue in the second quarter of 2023, but that was still down 7.1% compared to the same period a year ago.
Business Management Fastfrate Group becomes anchor tenant at new CentrePort Canada Rail Park August 2, 2023 CentrePort Canada, a sprawling 20,000-acre inland port and foreign trade zone on the outskirts of Winnipeg, has begun the next stage of its growth with the development of a rail…
Business Management Remembering the Yellow Corp. of days gone by August 2, 2023 Count me in as another Yellow Freight alumnus who painfully watched the 99-year-old icon close its doors for good. Yellow hired me as a sales representative in 1983, fresh out…
Business Management TFI International expects to capitalize on Yellow bankruptcy August 1, 2023 TFI International expects to benefit from Yellow Corp.’s bankruptcy proceedings, potentially adding thousands of daily shipments at a time when its own overall income has plunged. TForce Freight — formed…
Business Management Titanium furthers push into U.S. market with first asset-based acquisition July 31, 2023 Titanium Transportation last week announced the opening of its seventh U.S. freight brokerage in Jacksonville, Fla., and followed that up today with its first acquisition of an asset-based U.S. carrier.
Business Management Yellow Corp. informs Teamsters it is shutting down operations July 31, 2023 Yellow Corp., one of the largest and longest running LTL carriers in the U.S., has served the Teamsters union with notice it is ceasing operations and filing for bankruptcy. “Today’s…
Business Management Economic Trucking Trends: A ‘meh’ week for trucking economic indicators July 28, 2023 Economic news affecting the trucking industry was mostly unexciting in the most recent week, but ACT Research is sounding alarms for those in the trailer industry. Higher cancellations and a…
Business Management Teamsters touts big win in TForce Freight deal July 27, 2023 The Teamsters National Freight Industry Negotiating Committee (TNFINC) has endorsed a tentative agreement with TForce Freight and will submit the contract proposal to membership for ratification. The Teamsters says the…
Business Management Titanium adds Jacksonville to growing U.S. 3PL network July 25, 2023 Titanium Transportation continues its U.S. expansion, securing its seventh freight brokerage there in Jacksonville, Fla. Those locations complement three in Canada, bringing its total to 10. Titanium Transportation headquarters…
Business Management Facility Association introducing new insurance surcharges for U.S. exposure July 21, 2023 Facility Association, an insurer of last resort, is introducing higher surcharges for trucking companies and owner-operators who travel through specific U.S. states. A current surcharge is set at 1% per…
Business Management Trimac expands oilfield presence with Alberta fluid hauler July 21, 2023 Trimac has boosted its presence in the Alberta fluid transportation business by acquiring Bonnyville, Alta.-based Jacknife Oilfield Services. The company says the acquisition increases its presence in the fluid hauling…
Business Management Economic Trucking Trends: Freight recession lingers, but economic growth to improve July 21, 2023 It was a busy week for trucking-related economic data, which painted a mixed picture. Canadian spot market volumes were steady, but spot market rates in the U.S. remained weak –…
Business Management Mullen’s revenue, profit slide compared to a year ago July 20, 2023 Mullen Group’s Q2 revenue and net income slid as freight demand softened and pricing normalized. The company reported $494.3 million in revenue for the quarter, down 5.2%, year over year,…