Economy
Daimler CEO talks growing share, struggling market
LAS VEGAS, NV - It's a tough market for truck sales these days, but Daimler Trucks North America president and Chief Executive Officer Martin Daum still sees a "light at the end of the tunnel" - and is setting firm goals for the year to come. Where Canadian Class 8 sales were up 6% in 2014 and 3% in 2015, they are down 24% this year. Daum expects 360,000 Class 6-8 trucks to be sold in the NAFTA region this year, down dramatically from 424,000 units last year, and even the 384,000 in 2014.
Truck numbers bottoming out, but has the economy?
LAS VEGAS, NV - Several indicators suggest that the U.S. trucking industry is approaching the end of an economic downturn. But broader economic growth is still being slowed by uncertainty around the U.S. election -- and the global rise in populism, nationalism and isolationism, a leading U.S. economist says.
Want a trouble-free rental or lease? It’s in the details
Every piece of equipment comes at a price. Look no further than your accounts -payable department or the bank account for proof. But decisions around renting, leasing or financing involve far more than payment values alone. Those who work with unique equipment spec's or hold onto trucks and trailers for extended periods of time are prime candidates for purchase financing. Every year of service after an asset has fully depreciated is a bonus. Leasing tends to be the strategy of choice for those with shorter trade-in cycles or other plans for business capital. Then there are the rentals to address seasonal or short-term surges in freight volumes, or even temporary storage.
BC to require 13,431 new drivers in next decade: study
VANCOUVER, BC - British Columbia's transportation and construction industries will need to fill 110,000 jobs in the next decade - and truck drivers will be among those most in demand, according to Asia Pacific Gateway Labor Market Outlook 2016-2025.
U.S. private fleets report productivity spike, aging drivers
KING CITY, ON - Private fleets in the U.S. appear to be in an enviable position. Productivity is up, driver turnover is low, and a growing number of operations are investing in safety-related tools. But initial results from the National Private Truck Council's annual benchmarking survey also show there are still challenges to overcome, particularly when it comes to an aging driver population.
