Economy
U.S. Spot Freight Rates, Availability Continue Lull
BEAVERTON, OR -- The availability of truckload freight on the U.S. spot market hit a lull during the week ending July 18, according to DAT Solutions, which operates the DAT network of load boards, leading to a decline in load-to-truck ratios and rates across all three equipment types and at their lowest points in at least the past four weeks.
Mullen Group’s Second Quarter Profit Plummets
OKOTOKS, AB -- Mullen Group Ltd. has reported a huge drop in its second quarter profit as business in Canada's energy industry has also sunk. The trucking and related oilfield services transportation provider said net income totaled $0.9 million or $0.01 per share, a decrease 96.5 percent compared to the same time a year ago.
North American Truck Orders Slow in June
COLUMBUS, IN - Orders for new Class 8 trucks in North America slipped a little during June from the month before while they fell dramatically in the medium-duty Class 5 through Class 7 sector, according to new figures released on Monday by commercial vehicle industry data provider ACT Research.
Average Diesel Cost Lowest in Nearly Three Months
LONDON, ON and WASHINGTON, D.C. -- The average Canadian price of diesel continues moving lower, hitting its lowest level this week since just after mid-April. New figures released by the petroleum information services provider The Kent Group show it's at $1.109 per liter, down $0.008 from last week. This is also the third straight weekly drop and has shed $0.015 during this time.