Economy
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.
New Agreements Reached with Vancouver Port Trucking Fleets
VANCOUVER, BC -- Container truck drivers at several Metro Vancouver trucking companies have voted to ratify collective agreements with Unifor today after several days of around-the-clock bargaining, according to an announcement from the union.
The Impact of Truck Driver Wellness Programs
It's logical to think that helping drivers improve their physical health and general well-being will make a dent in the runaway turnover rates now endemic at many motor carriers. Yet when executives at several large and respected long-haul fleets talk about why they rolled out driver health and wellness programs and why they keep investing in those initiatives, it's apparent they seek to achieve something more altruistic than merely quelling driver churn.