Truck News


News Category
Economy


  • Race to beat tariffs causes truck tonnage spike

    November 20, 2018 12:07PM by Truck News

    ARLINGTON, Va. – U.S. for-hire truck tonnage spiked 6.3% in October, posting a year-over-year increase of 9.5%. “After slowing at the end of the third quarter, truck freight surged in October,” said ATA chief economist Bob Costello. “Last month’s strength

  • Capacity increasing in Canadian spot market

    November 16, 2018 1:30PM by Truck News

    TORONTO, Ont. – There were more trucks chasing every load in the Canadian spot market in October than in two years, according to TransCore Link Logistics. Truck capacity reached an all-time high in October, with equipment postings up 22% compared

  • Brace for rougher 2019: Mark Seymour

    November 14, 2018 3:08PM by James Menzies

    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

  • News Equipment

    Trailer orders continue at torrid pace

    November 13, 2018 7:46AM by Truck News

    COLUMBUS, Ind. – Trailer orders remained hot in October, with 55,250 units ordered, the second best month in history right on the heels of the all-time record set in September. That’s according to preliminary data from ACT Research. “After posting

  • Have trucking conditions peaked?

    November 12, 2018 7:31AM by Truck News

    BLOOMINGTON, Ind. – Trucking conditions in the U.S. worsened in September, to their lowest level in a year, according to the FTR Trucking Conditions Index. It’s the first time the index, at 4.58, has fallen to single digits since December

  • Inland moves into Saskatchewan and Manitoba with recent acquisition

    November 10, 2018 12:06PM by Truck West

    BURNABY, B.C. – Inland Kenworth extended its dealership network into Saskatchewan and Manitoba with the acquisition of Custom Truck Sales (CTS). “We chose CTS because our companies hold similar values – providing excellent service and quality products with an emphasis

  • Titanium posts strong Q3 earnings

    November 9, 2018 8:54AM by Truck News

    BOLTON, Ont. – Titanium saw its revenue climb 42% in the third quarter, while netting a profit of $1.1 million. Truck transportation EBITDA climbed 59% to $4.2 million in the quarter, while the logistics segment came in at $1.4 million,

  • Canadian shipping costs continue to rise

    November 2, 2018 10:12AM by Truck News

    TORONTO, Ont. – The total cost of ground transportation for Canadian shippers rose 2% in August, according to the latest Canadian General Freight Index. The base rate was up 2.3%, while average fuel surcharges assessed by carriers decreased to 17.8%

  • Brandt purchases specialty transportation equipment company

    November 1, 2018 6:12PM by Truck West

    REGINA, Sask. – Regina’s Brandt Group of Companies plunged into the specialty transportation equipment sector with the purchase of Camex Equipment Sales and Rentals. “This is an exciting acquisition for us as Camex is a world-class company with the largest

  • Infrastructure and the cost of doing nothing

    October 29, 2018 2:51PM by James Menzies

    AUSTIN, Texas – Everyone knows the U.S. economy is humming, so the popular All Eyes on the Economy session at the American Trucking Associations (ATA) Management Conference & Exhibition was replaced this year with discussion of a topic that’s not

  • Mullen Group achieves record trucking profit

    October 25, 2018 1:19PM by James Menzies

    OKOTOKS, Alta. – Mullen Group’s trucking and logistics segment achieved record revenue and profit in the third quarter. The segment now makes up about 70% of Mullen Group’s revenue, a stark contrast to its traditional model where it represented about

  • Fleets achieving “record contract rates”: ACT

    October 25, 2018 8:01AM by Truck News

    COLUMBUS, Ind. – About 7% of Class 8 tractors are currently unseated, with 62% of fleets reporting that as being higher than usual, according to a survey by ACT Research. Only 14% of responding fleets said their unseated tractor level

  • News Equipment

    Trailer orders officially “epic”: ACT

    October 25, 2018 7:44AM by Truck News

    COLUMBUS, Ind. – September trailer orders, totaling more than 58,000 units, were up 52% from August and 135% year-over-year, according to ACT Research’s State of the Industry: US Trailer Report. “Following the strongest July and August net orders in industry

  • Truck tonnage softens in Q3

    October 23, 2018 1:13PM by Truck News

    ARLINGTON, Va. – U.S. for-hire truck tonnage slid 0.8% in September, according to the American Trucking Associations (ATA). “Truck freight slowed at the end of the third quarter,” said ATA chief economist Bob Costello. “As anticipated, the year-over-year gains have

  • TFI agrees to buy Gorski, raises guidance

    October 23, 2018 10:35AM by James Menzies

    MONTREAL, Que. – TFI International raised its 2018 EBITDA guidance yesterday, due to a strong trucking environment. “The general freight environment is strong throughout North America, and all of our segments are benefiting,” Alain Bedard, chairman, president and CEO said