PHILADELPHIA, PA – While Canada was naturally not the main topic of conversation during a discussion of trucking and economics during the American Trucking Associations’ Management Conference and Exhibition in Philadelphia, PA, on Sunday, one leading economist gave his thoughts about it.
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.
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.
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.
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?
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.
BLOOMINGTON, IN – Bill Witte tells webinar audience that increasing use of Canadian oil would be good for U.S. economy.
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.
TORONTO – “I predict that between 2030 and 2035, we’ll have roads designated as ‘driverless-only’ roads,” Thomas Frey of the Louisville-Colorado-based DaVinci Institute, a man described as Google’s “Top-Rated Futurist Speaker” told truckers at the Ontario Trucking Association’s (OTA) annual conference in November. […]
Bridgestone Bandag Tire Solutions
Releases New Fuel Economy Guide
OTTAWA — The Bank of Canada’s quarterly monetary report predicts economic growth to turn positive in the third quarter this year, after posting negative results since the last quarter of 2008.
Trucking and the rest of the economy has entered uncharted territory. Only the strong and fleet of foot will come out the other end.