Economy
Newcom South Asian Media Co. launches
TORONTO, Ont. – Newcom Media Inc. has formed Newcom South Asian Media Co. – a 50/50 joint venture with Road Today Publishing Inc. – that will serve the rapidly expanding South Asian community within Canada’s trucking industry. The venture will be based out of Newcom Media’s new Toronto headquarters. Manan Gupta, the founder of Road Today Media Group, has been named general manager, effective July 1. Newcom South Asian Media Co. will relaunch the regional Road Today magazine as a national publication this fall and will create a series of recruitment and resource expos at Toronto’s International Centre. The first expo has been set for Saturday, Sept. 15, 2018. Dates for two more events, in Spring and Fall 2019, will be finalized in coming weeks.
Can the hot trucking market continue?
NEWPORT, R.I. – It is a good time to be in trucking in the U.S. The economy is strong, freight needs to move, and rates are on the rise. Eric Starks, the chairman and CEO of FTR, pointed to several indicators during a business symposium for Volvo dealers and customers. The ATA Tonnage Index and FTR Loadings Index, which track absolute freight levels, are both trending upward. The flatbed market in particular has been going “crazy”, in part because of increasing demand to move pipe and fracking sand, the latter of which is moved in boxes, he said. “It’s eating up a huge amount of capacity.” Everything from consumer spending to home sales are adding to the demand.
Volvo building share in hot truck market
NEWPORT, R.I. – Per Carlsson has been here before. The global senior vice-president of Volvo Trucks’ strategy and transformation office was president of Volvo Trucks North America from 2008-09, and now he finds himself serving as interim president to fill a role vacated by Goran Nyberg, who has taken a senior position at Volkswagen’s MAN Truck and Bus business unit.
