News
Aftermarket parts indicator predicts sales boost
MANHASSET, NY - Commercial Motor Vehicle Consulting's (CMVC) commercial vehicle Parts Aftermarket Leading Indicator (PLI) has improved for the fourth month in a row, suggesting that fleet business conditions are recovering and will result in more aftermarket parts sales. But there are limits in the medium term.
TFI “cautiously optimistic” about economy
MONTREAL, QC - Just months after acquiring a major truckload carrier in the U.S., TFI International is cautiously optimistic about the state of the North American economy. "Unemployment is low and consumer spending remains solid. Moreover, rising oil prices have given way to a modest rebound in the level of investment in that sector," said chairman, president and Chief Executive Officer Alain Bedard, when releasing year-end results. "These factors should produce a gradual recovery in freight volume and rates." Referring to 2016 as a "transformational" year for the business - which now collects half its revenue south of the border
Manac takes share of ABS Remorques
ASBESTOS, QC - Manac has taken a minority stake in ABS Remorques, a Canadian manufacturer of conveyor semi-trailers, the companies have announced. ABS designs and manufactures specialized live-bottom semi-trailers for aggregate haulers, and has a production facility located in Asbestos, Quebec. Manac produces vans, flatbeds, and specialty trailers such as dumps, low beds, grain hoppers, chassis, chip and logging trailers.
