Business Management Trucking industry making the slow climb back July 9, 2020 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.
Business Management Purolator to add 1,100 jobs June 30, 2020 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…
Business Management Swift action, government subsidies support Mullen Group rebound June 12, 2020 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…
Business Management Don’t expect quick economic recovery, B.C. economist warns June 11, 2020 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…
Business Management ECONOMIC WATCH: Canada, U.S. employment numbers improved in May June 5, 2020 OTTAWA, Ont. – Canada added 290,000 jobs in May as the economy gradually reopened following the Covid-19-related economic shutdown. (Source: Statistics Canada) May employment numbers represented a recovery of 10.6%…
Transportation ECONOMIC WATCH: Canadian trade volumes plummeted in April June 4, 2020 OTTAWA, Ont. – Canada’s exports fell to their lowest levels in more than a decade, while imports plunged to levels not seen since 2011 in April, according to new trade…
Equipment ECONOMIC WATCH: May Class 8 orders remained subdued June 3, 2020 BLOOMINGTON, Ind. – Preliminary data from FTR and ACT Research point to May Class 8 orders of 6,600 and 6,700 units respectively, marking continued subdued activity from fleets. May orders…
Business Management Freight indicators suggest the worst is in trucking’s rearview mirror May 27, 2020 TORONTO, Ont. – The worst of trucking conditions wrought by the Covid-19 pandemic may be in the rearview mirror, but the recovery could be choppy. In its most recent Commercial…
Business Management Business groups want Canada, U.S. to collaborate on Covid-19 response May 21, 2020 WASHINGTON, D.C. – A coalition of 27 groups representing businesses and communities in the U.S. and Canada today issued a joint statement calling for a unified approach to managing the…
Business Management ECONOMIC WATCH: Trucking conditions nosedived in March May 21, 2020 BLOOMINGTON, Ind. – Trucking conditions deteriorated in March, marking the start of negative Trucking Conditions Index readings that will likely lead into the worst quarter on record, FTR reports. (Chart:…
Business Management ECONOMIC WATCH: Truck tonnage plummets most in 26 years May 19, 2020 ARLINGTON, Va. – U.S. for-hire truck tonnage plummeted 12.2% in April, according to the latest data from the American Trucking Associations (ATA). “April’s monthly decline was the largest in 26…
Business Management ECONOMIC WATCH: Trucking has likely bottomed, but recovery will be slow May 14, 2020 BLOOMINGTON, Ind. – Trucking conditions likely bottomed in mid-April, but a speedy recovery isn’t anticipated. That was the takeaway from a Mid-Year Economic Outlook webinar held today by industry forecaster…
Business Management ECONOMIC WATCH: 2021 to be ‘transition year’ for economy, CV demand May 12, 2020 COLUMBUS, Ind. – In its North American Commercial Vehicle Outlook, ACT Research predicts 2021 will be a transition year for global economies and North American commercial vehicle demand. “Without clear…
Business Management Trucking employment dives in latest signs of Covid-19’s impact on industry May 11, 2020 Skyrocketing unemployment. Cratering freight volumes. Plummeting spot market freight rates. Record-low Class 8 truck orders. These are just a few of the new realities the North American trucking industry is…
Business Management Mullen Group lays off 1,000 as ‘wants’ economy disappears April 23, 2020 OKOTOKS, Alta. – As the “wants” economy has evaporated due to the Covid-19 pandemic, Mullen Group has taken drastic measures, including laying off 1,000 employees. While reporting its Q1 earnings,…
