MONCTON, NB – Climate change is fundamentally altering the way companies are doing business, a leading climate researcher told the trucking industry Wednesday about Canada’s move towards a national carbon tax framework where polluters pay.
Earlier in October, the federal government indicated that all provinces must have a carbon pricing plan in place by 2018 that meets a minimum of $10 per tonne, rising to $50 per tonne of emitted carbon dioxide by 2022.
As Canada’s second worst offender for greenhouse gas emissions (GHG), the transportation industry comprises 23% of the country’s annual GHG output. Within the sector, freight trucking accounts for more than 54 megatonnes of GHGs each year, specifically representing 7.5% of Canada’s annual GHG emission total, according to Environment Canada.
TORONTO, ON – Leading economists painted a picture of Canada’s upward economic trajectory for transportation industry players Thursday.
LAS VEGAS, NV – The president and Chief Executive Officer of the American Trucking Associations (ATA) launched a blistering attack on the record of U.S. lawmakers on Monday, pledging to take action on issues ranging from taxation to Hours of Service.
LAS VEGAS, NV – Several indicators suggest that the U.S. trucking industry is approaching the end of an economic downturn. But broader economic growth is still being slowed by uncertainty around the U.S. election — and the global rise in populism, nationalism and isolationism, a leading U.S. economist says.
EDMONTON, AB – Everything sells. It’s a firm rule at Ritchie Bros. Auctioneers, and there is plenty on hand for the highest bidder. About 10,600 pieces of equipment will move through the company’s sprawling Edmonton complex this week, easily setting a sales record and eclipsing last April’s numbers by about 35%. Trucks dominated most of the sales on Tuesday, when close to 10,000 bidders had already registered for a piece of the action. Equipment such as cranes, rock catchers, and trailers will follow.
AUSTIN, TX – Mack Trucks president Dennis Slagle admits that North America’s truck makers are still living through a “hangover” when it comes to sales. “The over-exuberance at the end of 2014 introduced a lot of orders into the system,” he says. “The retail shelves were full, and that affected the number of trucks moving around.” But that is hardly dampening the company’s spirits.
Canada’s for-hire trucking operations hauled 745.5 million tonnes of freight in 2014, up 7.9% over 2013, Statistics Canada reported today.
The related revenue was up 14.8%, reaching 14 cents per tonne-kilometre, while domestic freight generated 16 cents per tonne-kilometre.
Most of the weight (86.2%) involved domestic shipments, which rose 8.3% in the year. General freight led the way in Ontario and Quebec, while petroleum was the driving force in Alberta. General freight and motor vehicle parts accounted for most of the cross-border shipments by weight.
ARLINGTON, VA – Truck drivers hauled 1% more freight in December than they did a month earlier, and 1.1% more than in December 2014, but high inventory levels remain a concern, according to the American Truck Associations.
BENTONVILLE, AK – Wal-Mart -one of the largest private carriers in the U.S.- said Friday it plans to close 269 stores globally this year, including all 102 of its small-format Express stores.
“It looks like Ontario and B.C. will be the growth leaders for Canada,” Scotiabank’s Chief Economist Warren Jestin told Today’s Trucking in early December, adding “although it’s not a hard race to win.”
A few weeks earlier, Jestin gave the Toronto Trucking Association (TTA) his outlook for 2016 and it was laced with the same tepid enthusiasm.
Jestin’s counterparts at the Canadian Imperial Bank of Commerce (CIBC) agree.
OKOTOKS, AB – The board of the trucking and logistics and oilfield services provider Mullen Group Ltd. has slashed the company capital spending budget for next year, due in large part to the steep decline in oil and gas prices and activity.
TORONTO, ON — A changing of the guard in Canadian growth is well underway, with British Columbia and Ontario poised to be the biggest drivers in a still-sluggish Canadian economy next year, according to new report from the Canadian Imperial Bank of Commerce (CIBC), and that could force some trucking companies to rethink how they are doing business.
VANCOUVER, BC — The mega Caterpillar dealer Finning International Inc. says it will exit 11 facilities in Western Canada and cut some of its workforce in order to reduce costs in struggling markets.
BLOOMINGTON, IN – The latest measure of business conditions in the U.S. trucking industry has retreated slightly following an even performance this year and is expected to decline further at the year’s end.
BLOOMINGTON, IN – A measure of the U.S. trucking industry has been steadily rising over the past three months and is expected to remain in the current range through the end of the year.