Trimac Transportation Ltd buys Benson Tank Lines
Trimac Transportation Ltd announces the acquisition of Benson Tank Lines' assets and business for $4.0 million. Canadian hauler Benson Tank Lines transports liquid chemicals primarily out of the greater Vancouver BC area, Alberta, and Washington State in the United States... Truck capacity reaches six-month high
For the week ending May 14, spot market truck capacity recorded the highest volume for a single week in the past six months as truck availability increased 8.0% nationwide on TransCore’s DAT Network of load boards. Truck postings for all equipment types rose: flatbeds are up 8.4%, refrigerated vans rose 8.3%, and dry vans increased 4.9%, week-on-week. ... ATA forecasts trucking gains through 2022
After a dip during the recent recession, the US freight economy, particularly for trucking, is projected to grow significantly in the years ahead, according to American Trucking Associations’ US Freight Transportation Forecast to 2022.... Class 8 order backlog at 55-month peak
North American Class 8 net orders totaled 38,100 units (not SA) in April 2011. This was up more than 31% from the level set in March and more than 157% above the previous year... Transportation, logistics firms shift M&A focus to infrastructure, consolidation
Buoyed by strengthening capital markets, growing interest from financial investors, and stronger corporate balance sheets, the transportation and logistics industry is poised to reach robust levels of deal flow by number of deals over the course of 2011, according to Intersections, a quarterly analysis of global merger and acquisition (M&A) activity in the transportation and logistics industry by PwC US.... FTR Shippers Condition Index sinks in May
FTR Associates’ Shippers Condition Index (SCI) as reported in the firm’s May Shippers Update fell to a reading of –11.4, reflecting tightening capacity and accelerating transport costs. The SCI sums up all market influences that affect shippers; a reading above zero suggests a favorable shipping environment, while a reading below zero is unfavorable.... TransCore Freight Index decreases in April
TransCore’s North American Freight Index showed a 14% decline in spot market truckload freight volume for April 2011 compared with March, but a 12% increase versus April 2010. ... Intermodal volume climbs in Q1 2011
Intermodal volume increased 9% year-over-year in Q1 2011 as international volume grew for the fifth straight quarter, posting a solid 9.6% uptick, according to a report released May 12 by the Intermodal Association of North America (IANA). IANA’s Intermodal Market Trends & Statistics report also notes that overall domestic intermodal volume also increased during the quarter by 8.4%... Preliminary Class 8 orders jump in April
A preliminary reading of heavy-duty Class 8 commercial vehicle net orders for North American markets climbed to 38,200 units in April 2011, according to ACT Research Co. Net orders jumped 158% from year-ago April and represented the largest monthly order intake since March 2006. Preliminary net order numbers are subject to revision and are typically accurate to within 5% plus or minus... Impact of driver shortage on fleet capacity is widespread, survey says
More than seven in 10 fleets surveyed for the Q2 2011 Fleet Sentiment Report indicate the shortage of drivers is either impacting their fleet now or may in the future...
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