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.
TORONTO, ON — There used to be good money in the liquid bulk business. The required equipment is so specialized that it presented somewhat of a barrier to entry into the market. That’s still the case, but there are more players in the game now, and competition is keeping rates at near-1980s levels. Fleets, both private and for-hire, are now trying to make up for the low rates by optimizing their trailer spec’s to increase utilization and carrying capacity.
GREENSBORO, NC – Volvo Trucks North America is showing how people are reacting to sneak peeks at its new VNR regional hauler, which will be officially unveiled on April 20 during the Expocam truck show in Montreal.
Tremcar has updated its standard farm pickup tanks so they can also be used as direct load tanks.
WASHINGTON — A proposed change to the U.S. Tariff Act could drastically change the way carriers report cross-border movements of tanker containers to U.S. Customs and Border Protection.
WASHINGTON — U.S. Customs and Border protection is done considering whether it will require exporters and carriers to stipulate on electronic manifests the amount of residual chemicals left inside portable tank containers.
TORONTO — It ain’t easy getting tanked south of the border. Congress is looking to make life even more complicated (and expensive) for tank fleets that operate in America.
The 72-in. XT raised-roof sleeper aims at flatbed, tanker work