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TRUCKING INDUSTRY * Canada - Truck Rates, Surcharges Rising
Freight index shows Canadian shippers paying more to move freight
Ottawa,ONT,CAN -The Journal of Commerce Online, by William B. Cassidy -May 3, 2010: -- Truck rates paid by Canadian shippers increased in February, rising from a 1.6 percent drop in January, according to the Canadian General Freight Index... The increase in the index supports claims that transportation costs in North America are starting to rise as economic recovery gains traction both in Canada and the United States... Overall, the cost of ground transportation rose about 1.6 percent, the CGFI said... Base truck rates in Canada rose 2.1 percent in February, excluding surcharges, the pricing index found, while fuel surcharges rose 1.6 percent from January. That put rates at essentially the same level as the last quarter of 2009, according to the index...
* Vitran says spot prices in truckload business improving
Toronto,ONT,Canada -Reuters, by Bhaswati Mukhopadhyay (Bangalore,India) & Ratul Ray Chaudhuri -28, April 2010: -- North American transportation company Vitran Corp said it has started to see some improvement in spot pricing in its truckload business, sending its shares to a 19-month high... Vitran, which offers less-than-truckload (LTL), supply chain, truckload and freight brokerage services, said it expects April to be "bit better" sequentially from a daily activity perspective... The North American trucking industry had been hit hard during the recession as excess capacity put pressure on pricing and dented margins... (Photo from hankstruckpictures/archer: Vitran Corp's truck)
* Challenger goes long on trailer orders
Cambridge,ONT,CAN -Today's Trucking --30 April 2010: -- Challenger Motor Freight recently received 300 LCV-equipped trailers and the converter dollies to connect them... It’s just half of the new trailers Challenger expects to receive from Stoughton and Wabash this year. The deliveries were made by Trailers of Canada, and the LCV capable trailers consist of two 53-ft trailers pulled by a single power unit... As an invited participant in Ontario’s LCV pilot test, Challenger is hoping to expand its LCV service through Ontario, Quebec, New Brunswick, and Nova Scotia... Challenger’s new trailers are also spec’d with wide-base single tires and wind skirts in an attempt to maximize fuel efficiency... (Photo from challenger: CMF's LCV)
posted by Unknown @ 3:32 PM
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