Equipment Heavy-duty truck market closing 2020 on ‘robust’ note: ACT Research December 21, 2020 COLUMBUS, Ind. – The heavy-duty truck market is closing on a “robust” note this year, but industry analysts at ACT Research believe the effects of Covid-19 will linger for years…
Transportation Index records ‘big swing’ for trucking December 21, 2020 BLOOMINGTON, Ind. – A Trucking Conditions Index recorded by the industry analysts at FTR has hit record levels just six months after hitting its lowest reading. The October reading of…
Supply Chain Private equity firm buys VersaCold December 18, 2020 TORONTO, Ont. – Private equity firm TorQuest Partners has purchased VersaCold Logistics Services. Terms of the deal were not disclosed. VersaCold was previously owned by KingSett Capital and Ivanhoe Cambridge.
Business Management Canadian spot market sets record for monthly load increases December 18, 2020 TORONTO, Ont. – Canada’s spot market freight volumes continued to climb in November led by Western Canada and inbound cross-border freight activity, Loadlink Technologies reports. November marked the seventh straight…
Equipment Commercial vehicle outlook strong heading into 2021: ACT Research December 17, 2020 COLUMBUS, Ind. – Commercial vehicle demand will remain strong heading into 2021, according to ACT Research, which cited the arrival of a vaccine, the likelihood of stimulus spending, and healthy…
Equipment ECONOMIC WATCH: November trailer orders double year ago tally December 16, 2020 COLUMBUS, Ind. – ACT Research has reported 39,500 U.S. net trailer orders for November, down 28% from a near-record October but double volumes seen last November. The preliminary data points…
Equipment Navistar revamps commercial business December 16, 2020 LISLE, Ill. — Navistar has restructured its entire commercial business into one integrated organization under one senior executive, the company announced Wednesday. The division is responsible for selling and servicing…
Sustainability Canada lays out $1.5-billion strategy to develop hydrogen economy December 16, 2020 ST. JOHN’S, Nfld. – The federal government has released an in-depth hydrogen strategy it says will position Canada as a global leader in the emerging clean fuel industry. The feds…
Transportation No big change in truck arrivals December 15, 2020 OTTAWA, Ont. – Truck arrivals remained steady during Dec. 7-13, with 118,825 truck drivers entering the country, the Canada Border Services Agency said Tuesday. That represents a decrease 0.43% from…
Business Management Schneider brings Bulk Express Intermodal services to Canada December 15, 2020 TORONTO, Ont. – Schneider has expanded its Bulk Express Intermodal services to Canada. This month it began offering shippers inbound and outbound Canadian services, with bulk loads shipped by rail…
Business Management Increased freight, tight capacity to provide trucking tailwinds in 2021 December 14, 2020 BLOOMINGTON, Ind. – Freight growth exceeded expectations in the third quarter, and the picture for 2021 is improving, according to industry forecasters from FTR. Providing a 2021 market outlook last…
Transportation Ontario unveils plans for northern highways December 10, 2020 TORONTO, Ont. – Ontario has released a broad transportation plan for northern reaches of the province, highlighting a series of commitments to widen highways, expand truck parking, and more. The…
Business Management Mullen to use CEWS funding to create jobs, opportunities December 10, 2020 OKOTOKS, Alta. – Mullen Group announced its 2021 business plan, which reflects optimism that a consumer-driven economy will continue to drive trucking demand. “Within this context our business will remain…
Equipment Ritchie Bros. Edmonton auctions register 100,000 bidders in 2020 December 10, 2020 EDMONTON, Alta. – Ritchie Bros. registered more than 100,000 bidders for its Edmonton auctions in 2020, marking a 32% increase year over year. The final auction for the location this…
Equipment Despite challenges, 2020 a year of growth for SelecTrucks December 9, 2020 PORTLAND, Ore. – Buyers may already be losing their edge in the secondary truck market, as used truck inventories are drawn down and high-demand, technology-laden trucks are set to hit…
