News
U.S. freight market will continue to improve: FTR
BLOOMINGTON, IN - FTR remains confident in this year's freight market, despite a March drop in its Trucking Conditions Index (TCI) that measures freight volumes, rates, capacity, fleet bankruptcies, fuel prices and financing. Spot rates are improving, and that indicates a market-wide move to tighter capacity, the analysts add.
Nearly half the trucks in Southern Ontario blitz fail
OAKVILLE, ON - Almost half of all the commercial vehicles pulled over in a safety blitz last week failed inspection, Halton Regional Police Service's (HRPS) Oakville District Response Unit announced today. Over the course of the two-day roadside campaign, 80 vehicles were inspected and 47% flunked due to issues with brakes, tires and other problems.
Commercial vehicle registrations down: IHS Markit
SOUTHFIELD, MI - Canada had 16,495 new Class 3-8 commercial vehicle registrations in the first quarter of this year, down 4% from the same quarter in 2016, according to IHS Markit's Quarterly Commercial Vehicle Report. The largest levels for a first quarter were reported in 2012, when there were 17,476 such registrations, and in the last five years the first quarters have been within 1,500 units of that peak, the analysts say. Canada now has 1.355 million Class 3-8 registered vehicles, 40% of which are Class 8 models and 32% are Class 3.
