Keyword
Finance Management
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The importance of credit checks
There is very little in the trucking business that is more frustrating than invoicing a customer for a delivered load and then not getting paid in time, or worse, not getting paid at all. This causes significant financial burden; whether…
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The Guarantee partners to offer accounts receivable insurance
TORONTO, Ont. — The Guarantee Company has announced a partnership with Millennium CreditRisk Management, which allows its transportation clients to receive preferred pricing on accounts receivable insurance.
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Navistar launches sales event, Canadian Web site
TORONTO, Ont. — Navistar Canada is announcing at Truck World its Drive the Difference sales event, which will provide financing on International trucks at rates as low as 1.9%.
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WHY MULLEN GROUP’S SPENDING $100 MILLION THIS YEAR
Mullen Group recently announced its Board approved a $100-million capital budget it’ll use mostly to buy new equipment. About $25 million of that will go towards buying trucks and trailers for its trucking/logistics segment, Mullen…
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Ontario truckers told to master art of increasing prices
TORONTO, Ont. — Noel Perry of FTR Associates is holding up four fingers and one thumb. He had asked a room full of Ontario trucking executives, rhetorically, “how many dry van carriers or reefer carriers have the capability to bid – in a…
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Hitting the moving target on fuel surcharges: a critical conversation for shippers and carriers
TORONTO, Ont.– In a panel discussion on fuel surcharges at the CITT’s National Conference on Supply Chain & Logistics today, Lou Smyrlis, editorial director of Truck News, asked shippers, carriers, and oil industry experts to weigh…
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Canadian freight rates stay flat: Nulogx
TORONTO, Ont. — The cost of ground transportation for Canadian shippers rose 1.2% in August, mostly because of higher fuel surcharges.
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A TENDER SUBJECT
Jumping back to the Surface Transportation Summit, once again this year, a topic of much interest was freight tenders. You may recall at last year’s Summit, Challenger’s Dan Einwechter dubbed RPFs “Really Friggin’…
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AN ECONOMIC OVERVIEW FROM CANADA…
So much has happened since I last wrote you, my faithful Hooked Up readers, that I barely know where to begin. Okay, let’s start with our very own Surface Transportation Summit, held Oct. 17 at the Mississauga Convention Centre. This…
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When you ‘win’ a tender, are you really winning?
MISSISSAUGA, Ont. — Jacquie Meyers, president of Meyers Transportation Systems, issued a plea to shippers and carriers attending the Surface Transportation Summit, to re-evaulate the tender process, which she says has commoditized the trucking…
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‘Collaboration’ becoming more than just a buzzword: Jacquie Meyers
MISSISSAUGA, Ont. — The term collaboration, as it applies to the relationships between shippers and carriers, has been “overused and misused in our industry,” but there are finally signs that shippers are truly interested in…
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OTA digs in heels over diesel tax increase to fund transit
TORONTO, Ont. — The Ontario Trucking Association (OTA) has taken a stance against a Metrolinx plan that would regionally raise diesel taxes by five cents per litre, with funds going towards transit initiatives in the Toronto and Hamilton areas.
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Leaders discuss state of trucking at OTA annual convention
TORONTO, Ont. — Executives from five trucking companies met this morning at the Ontario Trucking Association’s annual convention to discuss the state of the trucking industry, and issues of concern to all as the new year approaches.
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Aero Auctions partners with Money in Motion for financing
BARRIE, Ont. — Aero Auctions has announced a new partnership with Money in Motion, to provide lease-to-own, sale leaseback, lease lines of credit and other financial services.
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CTA sponsoring retirement savings program for O/Os, trucking employees
OTTAWA, Ont. — The Canadian Trucking Alliance (CTA) and participating provincial trucking associations are sponsoring a comprehensive program of retirement savings plans for employees and owner/operators in the Canadian trucking industry. The…
