Economy
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.
Navistar back in black during second quarter
LISLE, IL - Navistar International reported a $4-million net income in the second quarter of 2016, in sharp contrast to a $64-million net loss in the second quarter of 2015. Cost controls, higher parts-related profits, and demand for HX vocational trucks have all been credited for making a difference despite a soft sales market.
Mack projects 250,000-truck market, bigger vocational share
AUSTIN, TX - Mack Trucks president Dennis Slagle admits that North America's truck makers are still living through a "hangover" when it comes to sales. "The over-exuberance at the end of 2014 introduced a lot of orders into the system," he says. "The retail shelves were full, and that affected the number of trucks moving around." But that is hardly dampening the company's spirits.
