Economy
SPECIAL REPORT: Could possible Canada Cartage deal spur more takeovers?
TORONTO -- Despite the traditional view that trucking trusts aren't attractive to private equities, news that such a player is in talks to buy Canada Cartage Diversified Income Fund has led transportation analysts from RBC Capital Markets to speculate if other transport trusts are ripe for similar takeovers in the future.
Stay out of disputes with terminal operators: BCTA tells VPA
VANCOUVER -- The Vancouver Port Authority should mind its own business. That, effectively, is what the B.C. Trucking Association is telling the VPA after it reportedly started warning truckers it would revoke port trucking licences of companies that, for whatever reason, failed to pay fees assessed by terminal operators.
Trucking investors ‘pre-buying’ the pre-buy: Bear Stearns
NEW YORK -- As expected, class 5 to 8 new truck orders remain weak in North America. Builds are down 35 percent in April from the same period last year, which at this time was experiencing the height of the pre-buy, spurred by customers looking to buy equipment in advance of new, more expensive EPA-mandated engines in 2007.