Keyword
Economy
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Brace for rougher 2019: Mark Seymour
BRAMPTON, Ont. — “Fasten your seatbelts in 2019, we’re going to be in for maybe a little bit of a rough ride.” That was the sobering warning from Mark Seymour today, who was participating in a panel discussion at the…
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OTA welcomes Ford’s Making Ontario Open for Business Act
TORONTO, Ont. – The Ontario Trucking Association (OTA) is welcoming Ontario Premier Doug Ford’s position on Bill 148, and the Making Ontario Open for Business Act. “The Ontario trucking industry’s hundreds of thousands of workers need a healthy, viable economy…
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U.S. economy should remain strong: FTR
COLUMBUS, Ind. – The U.S. economy is “in a good place” and expected to stay there through 2019. That was the assessment of Bill Witte, senior economist with FTR, who gave an economic update to subscribers during a State of…
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‘Tortoise recovery’ expected to continue
No signs a recession is looming
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Pride Truck Sales opens new locations in Calif.
FONTANA, Calif. – Canadian pre-owned retailer Pride Truck Sales is expanding again. The company announced two new U.S. locations opening in Fontana and Stockton, Calif. this week. Both dealerships are said to offer a wide variety of pre-owned heavy- and…
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Pride Trucks Sales opens U.S. location with more to come
TOLEDO, Ohio – Canadian retailer of pre-owned trucks and trailers, Pride Truck Sales, has expanded again opening a new facility in Toledo, Ohio this week. The Mississauga-based company says the new location came about after customer requests to add a…
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More than $700 billion generated by trucking in the U.S. in 2017: ATA
ARLINGTON, Va. – The U.S. trucking industry was generated more than $700 billion dollars in revenue in 2017 according to the American Trucking Associations (ATA). The organization released its annual collection of trucking data, the “ATA American Trucking Trends 2018.”…
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Trucking conditions to remain strong for next year: FTR
BLOOMINGTON, Ind. – Trucking capacity remains extremely tight, according to the latest FTR Trucking Conditions Index, which remained unchanged from May in June. Conditions for truckers are at their most favorable, the index suggests, with the capacity crunch at its…
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Amazon to open two new distribution centers
CALEDON, Ont. – For the second time this month Amazon has announced a new fulfilment center in Ontario, with centers set to open in Caledon and Ottawa by the end of 2019. The online retail giant will add more than…
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Class 8 orders remain strong in May: FTR
BLOOMINGTON, Ind. – Preliminary North American Class 8 orders for May were strong according to analysts at FTR Transportation Intelligence. The forecasting company reports preliminary North American orders sitting at 35,200 units last month, falling slightly below the six-month average…
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Full speed ahead for B.C. trucking industry
ABBOTSFORD, B.C. – The trucking industry is thriving in B.C., with recent growth around 5%, and expected to remain at that level, which is well above the national average. That’s according to Helmut Pastrick, chief economist for Central 1 Credit…
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Trucking conditions have never been better: FTR
BLOOMINGTON, Ind. – Trucking conditions have never been better, according to the latest FTR Trucking Conditions Index. The February index reached its highest reading since it was developed in 1992. The Truck Loading Index is expected to grow 4-6% year-over-year…
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Remorques Lewis completes acquisition deal with BWS; introduces new trailer
QUEBEC CITY, Que. – The owner of Remorques Lewis has acquired trailer manufacturer BWS Manufacturing. (BWS) headquartered in Centerville, N.B. Hugo St-Cyr made a move on BWS, acquiring a majority of shares in the company, after he became interested in…
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February trailer orders “red hot”: FTR
BLOOMINGTON, Ind. – February marked a record month for trailer orders, according to preliminary data from FTR. Orders came in at 32,000 units, a 24% year-over-year increase but 20% off January 2018 orders. But it marked the fifth consecutive month…
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February truck orders an “all-time great month”: ACT
COLUMBUS, Ind. – Trucking companies continue to order trucks in near-record numbers. ACT Research reports that preliminary Classes 5-8 orders in February came in at 67,700 units, making it the third strongest order month since the 2006 pre-buy. It is…
