TFI International has acquired Montreal-based Axsun Group, which serves the intermodal and logistics needs of Fortune 100 customers. The company operates “multiple” locations across Canada
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Category: Business
BP to buy TravelCenters of America for $1.3B
The large chain of full-service truck stops, a major operator of fast-food restaurants and full-service brands, will be sold to the British oil giant’s North
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Descartes acquires US-based GroundCloud for $138 million USD
Descartes aims to apply GroundCloud’s safety content, compliance solutions across more industries. Waterloo-based Descartes Systems Group has acquired GroundCloud, an American company that provides solutions
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Acela Truck Company & Safetek Profire Announce Strategic Partnership
BOZEMAN, Mont. and ABBOTSFORD, BC, Feb. 7, 2023 /CNW/ — Acela Truck Company and Safetek Profire recently announced a strategic partnership to distribute Acela Monterra
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Borderlands: Xcell Logistics sees big opportunities with cross-border trade
Borderlands is a weekly rundown of developments in the world of U.S.-Mexico cross-border trucking and trade. This week: Xcell Logistics sees big opportunities with cross-border
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Paccar sets Q4 and 2022 records in revenue and net income
New products, robust parts sales and lending contribute to blowout quarter Recession-fearing pundits looking for an earnings slowdown won’t find evidence in Paccar Inc.’s fourth-quarter
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Digital freight broker lays off 150 workers
Online freight broker Uber Freight has laid off dozens of workers after accelerating hiring last year. CNBC confirms that approximately 150 workers, or 3% of
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Mexico breaks record for cargo vehicle production, exports
Exports of heavy-duty cargo trucks to the U.S. helped propel truck makers in Mexico to their best year ever, as production increased 20.6% year over
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Mild recession won’t cause too much pain to work truck industry: NTEA
Expect a short, mild U.S. recession later this year and a fairly flat commercial vehicle market in Canada, according to work truck association NTEA. Its
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U-Haul rental stats suggest Chatham, Ont., growing in popularity
Mayor says people are choosing Chatham for lower cost of living, mild climate Chatham is the place to be, data from U-Haul suggests. The moving truck
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