fleet

Gibson Energy selling truck fleet

TORONTO, ON – Gibson Energy is selling all its Canadian trucking operation, and most of the fleet it operates in the U.S., as it focuses business assets on crude oil infrastructure. Between $275 and $375 million in assets are being sold overall, with the Canadian trucking operation expected to be sold by mid 2019, and non-core U.S. trucking businesses to be sold as early as the end of this year. “Gibson Energy will no longer be thought of as a trucking business,” president and Chief Executive Officer Steve Spaulding said in a Toronto presentation for investors, suggesting that some of the company’s assets simply don’t fit with the company’s vision for the future.

The Trucking 20 Under 40

TORONTO, ON -- It is an exciting time in the trucking industry. Our generation is learning so much about this business from the previous -generation, but they too are learning from us. You will read about young people who have the energy, technology-smarts and fresh ideas to change the way we do business. After reading this year's 20 under 40, you will be assured that the future of our industry is in good hands. Something tells me that trucking may already be in my one-year-old son's blood. When I ask him to back up so I can put his shoes on - he moves backwards while saying "Beep ... beep ... beep." Should he choose to join this business and be a part of Today's Trucking's 20 Under 40 in year 2039, I could not be more proud.

Carriers regain control of rate setting: report

ST. LOUIS, MO- The U.S. economy is on solid ground and bringing higher transportation costs, according to Rosalyn Wilson, supply chain expert and senior business analyst with the management services firm Parsons. "With carriers gaining more control over rates and capacity tightening, total freight spend in 2014 was higher than in any preceding year," Wilson said. "As long as capacity remains precariously balanced, we will continue to see a slow trend upwards." Parsons' Cass Freight Index, which measures trends in North American shipping activity based on $23 billion in paid freight expenses for hundreds of large shippers, showed shipment volumes and freight spending both dropped in January, but were at their highest level for the month in three years.