Oilfield Trucking Company Aveda Makes Deep Cutbacks

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.

Canadian Economy Downgraded, Atlantic Provinces Mixed

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.

Trucking Conditions Continue Big Fall

BLOOMINGTON, IN - The health of the U.S. trucking industry worsened again in May, hitting its lowest level in three years, according to freight transportation forecasting firm FTR. But those same forecasters promise better times are on the way.

Truckers Truck On, Despite Recession Scares

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.

Freight Bottlenecks Are Coming to U.S.: Special Report

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.

Haven’t You Heard? Oil Provinces Still Booming

CALGARY -- Housing in Canada's oil producing regions is booming, confounding analysts who say there is an energy slump that's hurting the overall economy. So why is this good news for trucking?

Cummins posts record revenue in 2014

COLUMBUS, IN- Diesel engine maker Cummins Inc. has reported record revenue in 2014 and an 11-percent increase in the fourth quarter from the same time the year before, due to improvements in the North American truck market.

Opposing Keystone doesn’t make sense for U.S., says FTR analyst

BLOOMINGTON, IN - Bill Witte tells webinar audience that increasing use of Canadian oil would be good for U.S. economy.

Diesel Prices Drop in Canada, the U.S.

WASHINGTON, D.C.- The price of fuel has been dropping both in the U.S. and Canada, and that, for however long it might last, is good news for trucking companies.

FUEL-ECONOMY GUIDE

Bridgestone Bandag Tire Solutions Releases New Fuel Economy Guide

Concrete Solutions: Infrastructure cash to save economy?

TORONTO -- Unlike the '30s when politicians tried to dig out of the Great Depression by squeezing the cash, today's leaders are gambling that spending is the adrenalin shot to restart the economy

Capacity fears keeping some truck rates steady: US analyst

BALTIMORE, Md. -- Truckload and LTL demand stateside is "extraordinarily weak" and while capacity has been declining rapidly, it is not keeping up with the drop in demand.

Economic winds to blow west? Execs think so

EDMONTON -- No two economies are created equal, but there's a pretty good consensus globally that business won't come easy in the next year or so.

Soaring Loonie could undermine trucking recovery: analysts

TORONTO -- A loonie in flight could ground somewhat the projected growth of freight volumes in the coming months, according to transport analysts at National Bank Financial's Economics & Strategy Group.

Overdrafted

Banks and financiers have become trucking's new gatekeepers. That hasn't paid if you've performed well in this recession.