Keyword
Economy
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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…
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Price of petroleum was down in Q3: Stats Can
OTTAWA, ON – The price of petroleum dropped again in the third quarter of 2017 reports Statistics Canada. The federal agency released the unadjusted Wholesale Services Price Index for the middle of last year, showing the change in the price…
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Jobs dip in month-to-month in January
OTTAWA, ON – The Canadian trucking industry saw a dip in jobs in January according to statistics Canada. The agency released job numbers for the first month of the year showing just under 6,000 jobs were lost from December 2017…
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Rising truck tonnage reflects strong economy: ATA
ARLINGTON, Va. – U.S. for-hire truck tonnage spiked 2.3% in November, adding to the 3.9% increase recorded in October. The American Trucking Associations reported the index was up 7.6% year-over-year in November. Year-to-date, truck tonnage is up 3.5% through the…
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Trailer orders surged in November: FTR
BLOOMINGTON, Ind. – Trailer orders surged in November, according to preliminary data from FTR, which reported orders of 42,600 units. That’s up 34% from October levels and 19% year-over-year. FTR is anticipating a “healthy clip” for trailer orders in early…
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Slow, sustainable growth sets stage for a strong 2018
ORLANDO, Fla. – Demand for trucking services in the U.S. has increased, and in a more sustainable way than it has in the past, setting the stage for a strong 2018. That was the feel-good consensus expressed at the popular…
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Stronger economy, “logical” NAFTA outcome in store: STS
MISSISSAUGA, Ont. – The economy should continue to grow in Canada, the U.S., and globally, and logic should prevail during the renegotiation of NAFTA. Those were some of the key messages from leading economists, analysts, and a motor carrier executive…
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U.S. trucking volumes improving: ACT Research
COLUMBUS, Ind. – Trucking volumes in the U.S. hit their highest levels since March 2014, according to the latest ACT For-Hire Trucking Index. June marked the sixth consecutive month of increases, reaching a reading of 72, which is nearly 20…
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Economist predicts B.C.’s trucking sector will continue to flourish
KELOWNA, B.C. – B.C. economist Ken Peacock believes the provincial trucking industry has a bright future and will continue to grow in the coming years. Speaking during the B.C. Trucking Association (BCTA) 2017 AGM and Management Conference June 3, Peacock,…
