Business Management
PowerLease launches financing platform aimed at retaining owner-operators
PowerLease has launched a new equipment financing platform designed to help fleets retain experienced owner-operators and manage truck replacement cycles without adding balance-sheet risk. The company’s new PowerLease 3.0 program…
ECONOMIC TRUCKING TRENDS: Industry sentiment improving and spot market flatbed rates continue to rip
ACT Research recently held a two-day seminar and reports fleets are feeling “cautiously optimistic” about the year ahead, while remaining cautious about ordering new equipment. They want to first make…
Fastfrate Group expands into global freight forwarding, customs brokerage with Omnitrans acquisition
Fastfrate Group is moving beyond its traditional North American transportation roots with the acquisition of Montreal-based international freight forwarder and customs broker Omnitrans Inc., a deal executives say positions the…
ECONOMIC TRUCKING TRENDS: Trailer order strength sustained in January, spot market rates show resilience
Trailer orders saw December momentum carried into January, though total order season activity was lackluster. Shippers saw some fuel price relief translate into a positive environment in December, but expect…
TFI International earnings fall on weak freight demand, cash flow strengthens
TFI International reported lower fourth-quarter and full-year earnings as weaker freight demand weighed on volumes across its core business segments, though the company generated stronger cash flow. Fourth-quarter operating income…