* Quebec - E-commerce replaces energy as growth engine at Canada's TransForce
-- E-commerce has replaced energy as a source of growth for TransForce, Canada’s largest trucking operator, this year, as online shopping orders rise and U.S. oil rigs shut down... The $4 billion transportation holding company is exiting unprofitable businesses, such as oil-field hauling in the U.S., selling less-than-truckload terminals and cutting low profit margin business across all of its subsidiaries. TransForce, which operates parcel, LTL and truckload, and specialized carriers, looks to e-commerce in particular as a source of new opportunities to grow in 2016... TransForce is riding the white line separating a weakening U.S. economy and a Canadian economy that slipped into and out of recession in 2015 and is still struggling... The largest Canadian trucking operator increased revenue and profits last year thanks to acquisitions and e-commerce, while exiting unprofitable oil field business in the U.S. ...
Saint-laurent, QBC, Canada- JOC, by William B. Cassidy - Feb 14, 2016Labels: trucking industry Canada
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