CALGARY, AB - The financially troubled Aveda Transportation and Energy Services Inc. is making a series of changes, including shuffling its leadership and big cutbacks. The provider of oilfield hauling services and equipment rentals to the energy industry will consolidate the majority of its U.S. corporate office in Houston, TX, including all Houston-based corporate level positions, into its head office in Calgary, AB.
TORONTO -- Expectations for the performance of the overall Canadian economy have been downgraded, but forget talk about a recession, while conditions should improve partly when it comes to the Atlantic Provinces, according to two new reports from the Royal Bank of Canada.
Is Canada in an economic recession? That all depends on how you define the term. And even if the answer is yes, will it slow down the trucking industry? According to most economists, a recession is when there are at least two consecutive quarters of negative growth in the country's gross domestic product, which is a measure of the total output of goods and services. Canada's GDP fell at an annual rate of 0.6% in the first quarter of 2015, according to government numbers, following 0.6% growth in the final quarter of 2014. A report released at the end of June showed a 0.1% drop for the month of April, meaning our economy shrank for the fourth straight month. Not a full second quarter, but not a good trend.
WASHINGTON, D.C. - A report released Tuesday provides a thorough snapshot of not just overall business conditions in the U.S. logistics industry but also a look at economic conditions and other issues affecting the trucking industry. And the report suggests that although freight volumes will keep growing, capacity won't, so you can expect some pretty tight conditions in the near future.
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