How nearshoring can benefit your trucking business

There hasn’t been much to cheer about in Truckville lately. Twenty-seven consecutive months of declining freight rates can be a little deflating. For too long, there have been too many…

Johal family looks to buy back Pride Group as creditors seek lift stay motions

Numerous creditors of Pride Group Ltd. (PGL), which has been under creditor protection since late March, are seeking lift stay motions that would allow them to seize and sell assets…

Tax system must address productivity crisis in Canada

It’s time we Canadians were honest with ourselves. We are no longer the great economic power we once were – not because we don’t have a committed and innovative business…

Chevron to move HQ from California to Texas

Chevron announced Aug. 2 it will move its headquarters from its longtime home of San Ramon, Calif., to Houston, Texas. The move came amid a shakeup of the company’s senior…

ECONOMIC TRUCKING TRENDS: Brokers see improvement around the bend, spot rates soften

It was a light week for economic trucking news, but a new survey from Truckstop and Bloomberg Intelligence suggests brokers are feeling better about the market and feel improvements are…

Lion Electric slashes workforce again as losses widen

Lion Electric reported weak Q2 earnings today, with revenue nearly halved year over year to $30.0 million (all figures US) and a net loss of $19.3 million compared to a…

KAG Canada acquires Groupe Sylvain Simard

KAG Canada has acquired Chicoutimi, Que.-based Groupe Sylvain Simard. The company specializes in the transportation of aggregates, chemicals along with cement and aluminum dross throughout eastern Canada, according to a…

5 takeaways from TFI International’s Q2 earnings call

TFI International is looking at ways to improve margins, while not counting on the general freight markets to help. Total revenue for the quarter came in at $2.26 billion (all…

Alberta mineral company buys own trucking fleet

Alberta-based mineral and aggregates supplier Peaskie Minerals says it has acquired the assets of a local trucking company to gain better control over its supply chain. The acquisition resulted in…

ECONOMIC TRUCKING TRENDS: Freight volumes weaken but balance returning to market

The latest trucking economic data paints a mixed picture that reflects softening freight volumes, but an improving alignment in supply and demand. Shippers saw conditions improve but FTR warns the…

Mullen Group eyes tuck-in acquisitions and focuses on margin growth

Mullen Group grew top line revenue by 0.3% in the second quarter, but net income slipped 9.9% to $32.9 million as the company looks to grow through tuck-in acquisitions and…

How insurance brokers address truckers that misrepresent fleet size

Brokers are the front-line defenders for insurers covering commercial trucking. Especially since some fleet owners may attempt to insure only the trucks in use, while not reporting…

ECONOMIC TRUCKING TRENDS: Trailer orders weaken, but trucking conditions improving

The trucking market continues to improve, with the Trucking Conditions Index returning to positive territory and Motive declaring an approaching end to the persistent freight recession. But improving conditions aren’t…

Geotab’s unveils AI-driven collision detection technology to enhance fleet safety

Geotab has introduced its advanced collision detection technology that leverages AI and data to enhance predictive insights and improve driver safety. It builds on the Safety…

Truckin Digital integrates with Intuit QuickBooks for seamless financial fleet management

Truckin Digital has integrated with Intuit QuickBooks Online, streamlining financial management for trucking companies. This integration automates data synchronization between dispatch operations and financial management systems, reducing manual data…