ECONOMIC WATCH: Trucking’s recovery surprising

COLUMBUS, Ind. – Trucking companies are enjoying volume growth and pricing power that ACT Research says would’ve been considered “nearly impossible to achieve” from an April vantage point. In its…

Consumers driving economy, though buying habits have changed: Mullen

OKOTOKS, Alta. – Mullen Group saw third quarter revenues drop 10.6% y-o-y to $290.9 million, but net income climbed by $5.7 million thanks to improved operating income before depreciation and…

Commercial vehicle market rebounded sharply, but full recovery not imminent

BLOOMINGTON, Ind. – The commercial vehicle market bounced back much more quickly and strongly than expected, but it will be late 2021 before it reaches pre-pandemic levels. During an FTR…

ECONOMIC WATCH: Trucking benefiting from K-shaped recovery

COLUMBUS, Ind. – It’s a K-shaped economic recovery, according to ACT Research, but fortunately trucking is on the upper half of the K. “What this means is that a large…

Indicators point to strengthening trucking market

WASHINGTON, D.C. – Covid-19 brought on the worst recession in U.S. history, but the recovery is underway and economic conditions should return to pre-Covid levels by late next year. Jim…

‘Old school’ disruption shakes trucking industry

BLOOMINGTON, Ind. – Society and industry have come to think of disruption as a positive change associated with innovation, but what the trucking industry is experiencing now is “old school”…

ACT Research seminar explores equipment demand, Covid impact and economic recovery

COLUMBUS, Ind. – The Covid-19 pandemic may accelerate medium-duty truck penetration, while slowing electric vehicle adoption. Those were a couple observations shared at ACT Research’s recent three-day virtual seminar. “Whether…

Predicting the Unpredictable: Attempting to plot out the economic recovery

BLOOMINGTON, Ind. – The sudden, devastating economic collapse caused by the Covid-19 pandemic was so unprecedented, that even seasoned economists admit it’s difficult to predict what the recovery will look…

Canada’s economy recovering, but still well below pre-pandemic levels

TORONTO, Ont. – Canada’s real GDP rebounded by 4.5% in May, following two months of unprecedented declines, according to the latest data from Statistics Canada released July 31. (Source: StatsCan)…

Covid-19’s economic impact staggering, but trucking recovery underway

OTTAWA, Ont. – The financial devastation the Covid-19 pandemic is wreaking on the Canadian economy and the trucking industry is only now coming into focus – and it’s big. But…

Truck market recovering, but not ‘out of the woods’ yet

GREENSBORO, N.C. – Economic uncertainty continues to keep many truck buyers on the sidelines, but attractive incentives from OEMs are helping to move inventory. Magnus Koeck, vice-president of product strategy…

Trucking industry making the slow climb back

BLOOMINGTON, Ind. – While trucking conditions are improving, it will be some time before they get back to pre-Covid levels. FTR expects U.S. truck loadings to decline 5.7% this year.

Purolator to add 1,100 jobs

TORONTO, Ont. – Purolator says it will add more than 1,100 new jobs as the Canadian economy recovers from the pandemic. One year ago, it announced its $1-billion-plus, five-year…

Swift action, government subsidies support Mullen Group rebound

OKOTOKS, Alta. – Mullen Group provided a mid-quarter update today, to update investors on how its business has been impacted by the Covid-19 pandemic. “The trend is up,” said Murray…

Don’t expect quick economic recovery, B.C. economist warns

LANGLEY, B.C. – B.C. has done a good job containing the Covid-19 outbreak, but that doesn’t mean it will escape lasting economic fallout. Ken Peacock, vice-president and chief economist of…