Economy
Truck Cargo Theft Reporting Program Expands
EDMONTON, AB - A truck cargo theft reporting program that has reportedly been highly successful in Eastern Canada is expanding to four western provinces. The announcement was made Tuesday by the Insurance Bureau of Canada (IBC), along with law enforcement and provincial trucking associations in British Columbia, Alberta, Saskatchewan and Manitoba. "Cargo theft is a serious crime. It is costing the Canadian economy billions of dollars and can be dangerous," said Bill Adams, a vice-president with IBC, which represents private insurance companies. "The cargo theft initiative brings together the many different parts of the transportation system to help curb this type of criminal activity, protect people in our communities and save Canadians money."
The Trucking 20 Under 40
TORONTO, ON -- It is an exciting time in the trucking industry. Our generation is learning so much about this business from the previous -generation, but they too are learning from us. You will read about young people who have the energy, technology-smarts and fresh ideas to change the way we do business. After reading this year's 20 under 40, you will be assured that the future of our industry is in good hands. Something tells me that trucking may already be in my one-year-old son's blood. When I ask him to back up so I can put his shoes on - he moves backwards while saying "Beep ... beep ... beep." Should he choose to join this business and be a part of Today's Trucking's 20 Under 40 in year 2039, I could not be more proud.
Cargo Theft Reporting Program to Launch in Western Canada
EDMONTON, AB - Western truckers along with law enforcement and insurance interests are stepping up their battle against cargo theft. On Tuesday, the Alberta Motor Truck Association (AMTA), the Insurance Bureau of Canada (IBC), which represents insurance companies, and provincial police are set to offer details on the expansion of the successful cargo theft reporting program to Western Canada. This program will help raise awareness of and combat the growing problem of cargo theft, which includes stealing trucks and trailers containing merchandise. Cargo theft in Western Canada and across the country has become a serious issue, according to the groups. Not only does it put the safety of Canadians in jeopardy, it can cost the Canadian economy billions of dollars a year. Also, it's often linked to organized crime, which uses the proceeds to fund gun and drug smuggling.
Inland Manitoba Port Gets the Gas
WINNIPEG, MB - Development of Canada's first and largest tri-modal inland port and Foreign Trade Zone has gotten a shot in the arm with the company Manitoba Hydro announcing a new project that will extend natural gas service and other utilities to CentrePort's 20,000-acre footprint.
Diesel Prices Decline for Third Straight Week
LONDON, ON and WASHINGTON, D.C. -- Average diesel prices in both Canada and the U.S. have turned lower for the third consecutive week as oil prices could possibly head even lower while one nation's crude exports have returned to its highest level in decades.
New Brunswick Considering Highway Tolls to Raise Revenue
FREDERICTON, NB -- Highway tolls and outsourcing highway maintenance are among two of many choices being considered by the New Brunswick provincial government in a report outlining possible financial moves to eliminate debt. "The choices presented in this report were brought forward by New Brunswickers through the review process," said Health Minister Victor Boudreau, who is also minister responsible for Strategic Program Review. "Not all choices contained in the report will be implemented. these are for consideration and discussion as we near the end of the review process." The review was launched in January 2015 with the goal of finding $500 million to $600 million to address the province's financial situation. Decisions will be announced as part of the 2016-17 provincial budget.
BMO Closes on Purchase of GE Transportation Finance
CHICAGO, IL and TORONTO, ON -- BMO Financial Group, the parent of BMO Bank of Montreal, and its wholly-owned Chicago-based subsidiary BMO Harris Bank N.A. has completed its acquisition of General Electric Capital Corp's. Transportation Finance business.
