Equipment Class 8 orders plummet, but market remains ‘strong’: FTR December 5, 2022 Class 8 truck orders plummeted to 34,300 units in November, according to preliminary data from industry forecaster FTR, well off the 56,000 ordered in September. However, while orders have slid…
Business Management Portal aims to simplify permitting oversize loads in Ontario November 29, 2022 Hauling oversized loads in Ontario can be an administrative nightmare, but a new portal set to be rolled out in January aims to make it easier for fleets to obtain…
Business Management Canada’s spot market flat in October November 23, 2022 Canadian spot market load volumes saw mild gains in October, according to Loadlink Technologies, growing 1% from September but down 19% year over year. Capacity was flat, with 3.64 trucks…
Business Management Truck tonnage sees first monthly loss since beginning of pandemic November 23, 2022 U.S. for-hire truck tonnage fell 2.3% in October, marking its largest monthly loss since the beginning of the pandemic, according to the American Trucking Associations (ATA). This comes on the…
Business Management Slow freight growth to continue in 2023 November 22, 2022 Shipper conditions declined in September to a reading of -3.1 on the FTR Shippers Conditions Index, down from a positive reading of 5.0 in August. But industry analyst FTR feels…
Human Resources Hundreds attend Road Today – Truck News Job Expo November 21, 2022 Hundreds of jobseekers attended the Road Today-Truck News Jobs Expo Nov. 19. There were nearly 50 exhibitors on hand, hiring for a wide variety of jobs in the trucking industry.
Business Management Owner-operators at greatest risk as trucking demand slows, costs surge November 18, 2022 A slowing economy and deteriorating freight conditions are already “baked in the cake,” according to Mullen Group senior executive officer Murray Mullen. But it’s small operators who’ll face the greatest…
Business Management Stage your truck fleet for sale – even if it isn’t November 18, 2022 Whether or not you’re interested in selling your business, business owners should always keep it “staged” and ready for a sale for when the right opportunity comes along. “You wouldn’t…
Equipment Trailer orders surge as OEMs comfortable taking more orders November 18, 2022 Fears of a recession are not dampening fleet demand for commercial trailers. ACT Research reported preliminary orders of 46,750 units in October, up 82% from September levels and a 168%…
Business Management ‘Mild’ recession coming, but trucking should weather it well: Costello November 16, 2022 A mild recession is all but unavoidable, but trucking’s inability to add capacity due to supply chain disruptions over the past two years means the industry is better positioned than…
Transportation For-hire freight continues to grow in U.S. November 9, 2022 For-hire freight shipments hit near record levels in the U.S. this September, with the Freight Transportation Services Index (TSI) rising 0.3% over August and hitting numbers 4.8% higher than September…
Business Management Titanium achieves record Q3 results, despite softening market conditions November 8, 2022 Titanium Transportation grew consolidated revenue 11.5% year over year in the third quarter, to $113.4 million. Logistics segment revenue inched up 0.3% to $59.6 million while truck transportation revenue grew…
Transportation Ritchie Bros. to acquire IAA in $7.3 billion deal November 7, 2022 Ritchie Bros. auctioneers will acquire IAA — a business that specializes in selling total-loss, damaged and low-value vehicles — for $7.3 billion in stock and cash, including the assumption of…
Business Management Titanium adds Montreal brokerage location November 6, 2022 Titanium Transportation has continued to grow its freight brokerage business with a new office in Montreal, Que. The Montreal office marks Titanium’s eighth freight brokerage in Canada and the U.S.
Business Management Feds’ Fall Economic Statement takes aim at Driver Inc. employers November 3, 2022 The federal government has vowed in its Fall Economic Statement to take aim at Driver Inc. employers. “In the trucking industry, there is a long history of companies using the…
