Economy

Trailer Manufacturer Manac Going Private preview image Trailer Manufacturer Manac Going Private article image

Trailer Manufacturer Manac Going Private

SAINT-GEORGES, QC-- Canada's largest trailer builder, Manac, has been transferred from public to private ownership. The announcement was made Thursday. The original founding Dutil family will be among the consortium of new owners. Media reports say the Dutils will be investing $36 million in the private company while Quebec's pension fund manager, its Quebec manufacturing fund, a labor fund and Investissement Quebec are providing $104 million in equity investments and loans. Manac was spun off from the Canam Manac Group in 2004 and taken public in 2013. Charles Dutil, Manac president and CEO, will remain in his current position.

Trucking Conditions Rebound, Best This Year preview image Trucking Conditions Rebound, Best This Year article image

Trucking Conditions Rebound, Best This Year

BLOOMINGTON, IN -- While business conditions in Canada are shaky, the situation in the U.S. for the trucking industry is the best so far this year, according to the freight transportation forecasting firm FTR. Its just released Trucking Conditions Index (TCI) measure for June rose from May, jumping 56% to 7.66, hitting the highest level of 2015. While freight growth slowed during the second quarter of the year, FTR said rates continue to show growth and margins are still good. Also, freight growth is on track for the sixth straight year of annual gains. It expects regulatory conditions and a continued economic recovery to fuel an accelerating index during 2016.