Truck News


News Category
Economy


  • Minimizer is maximizing — and building new facility

    August 23, 2019 10:15AM by johng@newcom.ca

    BLOOMING PRAIRIE, Minn. – You could say that Minimizer is maximizing – purchasing a 13-acre site in Owatonna, Minn., which will eventually house 83 personnel who are currently working out of three buildings in Blooming Prairie. The new 96,000-sq.ft. facility

  • Hino opens West Virginia truck plant

    August 23, 2019 8:55AM by Jim Park

    MINERAL WELLS, WV — Hino Motors has officially opened its new million-square-foot manufacturing facility in Mineral Wells, WV. The ceremony took place Wednesday, Aug. 22, capping a two-year effort that saw a former retail distribution center turned into a state-of-the-art

  • Trailer orders continue to slide, while production remains robust

    August 21, 2019 1:00PM by Truck News-East

    COLUMBUS, Ind. – Trailer orders continue to drop, declining for seven consecutive months, according to ACT Research’s Trailer Components Report. The year-over-year slide began at the end of 2018, and preliminary July data shows the trend will continue. “Through June,

  • ATA says freight tonnage to increase 25.6% by 2030

    August 21, 2019 12:45PM by Truck News-East

    ARLINGTON, Va. – The American Trucking Associations (ATA) is predicting continued growth in the industry, with a 25.6% increase in tonnage by 2030. The projection stems from the ATA’s latest Freight Transportation Forecast: 2019 to 2030, an annual release on

  • Heavy-duty vehicle market on edge of precipice: ACT Research

    August 16, 2019 1:10PM by Truck News

    COLUMBUS, Ind. – The heavy-duty vehicle markets are at the edge of a precipice, according to ACT Research’s latest North American Commercial Vehicle Outlook. “Since the start of this demand up-cycle in late 2017, we have targeted this year’s third

  • Container tariffs dodged

    August 16, 2019 7:43AM by Truck News

    WASHINGTON, D.C. – The American Trucking Associations (ATA) is celebrating a significant victory in the ongoing tariffs dispute, as tariffs on 53-ft. domestic intermodal containers have been shelved. “Trucking and trade are synonymous and we are happy with this most recent

  • CTA heads discussion with Bank of Canada head

    August 16, 2019 7:33AM by Truck News

    TORONTO, Ont. – The Canadian Trucking Alliance (CTA) was among a nine-member coalition of national transportation associations that recently met with Stephen Poloz, governor of the Bank of Canada, and his senior staff. The coalition outlined five areas of mutual

  • Canadian spot market sees more trucks per load in July

    August 16, 2019 7:25AM by Truck News

    TORONTO, Ont. – Loads were down, trucks were up in the spot market in July, according to the latest data from TransCore Link Logistics. There was a 9% decline in loads compared to June, with 15% more truck capacity chasing

  • Overcapacity creating challenges, opportunities: Titanium

    August 14, 2019 2:43PM by James Menzies

    BOLTON, Ont. – Overcapacity and softening rates are creating headwinds for carriers, but also opportunities, as merger-and-acquisition (M&A) opportunities become more attractive. That was the message from Ted Daniel, CEO of Titanium Transportation Group, when he addressed investment analysts on

  • Port of Montreal getting $37-million upgrade

    August 13, 2019 7:51AM by johng@newcom.ca

    MONTREAL, Que. – The Port of Montreal will benefit from a $37-million investment in the name of increasing efficiency, capacity and security, with the promise of reducing wait times and bottlenecks when moving containers. The investment will be equally split

  • Trucking conditions improved slightly in June: FTR

    August 13, 2019 7:49AM by Truck News

    BLOOMINGTON, Ind. – Trucking conditions improved slightly in June, but remain in negative territory, according to the latest FTR Trucking Conditions Index (TCI). A reading of -0.82 came from strengthening freight demand and lower diesel prices, but was offset by

  • News Equipment

    July Class 8 orders lowest since 2010

    August 6, 2019 3:46PM by Truck News

    BLOOMINGTON, Ind. – Preliminary orders for Class 8 trucks in North America fell below 10,000 units in July, for the first time since 2010. FTR reported orders of 9,800 units, noting carriers appear to be in no rush to grab

  • Spot market load volumes, equipment postings both decline

    July 31, 2019 8:08AM by Truck News

    TORONTO, Ont. – In a month that normally marks an increase in volumes, Canadian spot market load volumes declined 7% in June. June volumes were down 39% year-over-year. However, an even greater decline in truck postings caused truckload capacity to

  • News Equipment

    “Significant correction” coming for Class 8 market: ACT

    July 29, 2019 7:18AM by Truck News

    COLUMBUS, Ind. – The Class 8 truck market is on the cusp of a significant correction, according to the latest Transportation Digest from ACT Research. The report also suggests the U.S. economy will decelerate from the 2018 tax cut-boosted growth

  • TFI focuses on profitable business as trucking rates slump

    July 26, 2019 11:42AM by John G. Smith

    MONTREAL, Que. – TFI International – Canada’s largest for-hire truck fleet – remains focused on profits and cost controls as it emerges from a record-setting second quarter for 2019. But it’s hardly immune from industry challenges such as slowing freight