Canadian freight market

Analysis: Vaccine mandate or not, US-Canada cross-border freight rates poised to rise

Trucks moving freight across the Canada-US border. With the Sir Adam Beck Power Generating Station in the foreground, and, Lake Ontario on the horizon.

Since Saturday, U.S. truckers who are unvaccinated or partially vaccinated against COVID-19 have been barred from crossing into Canada. A similar mandate is expected to hit Canadian drivers at the U.S. border next Saturday. Already, the mandates are being blamed for a jump in rates.

But cross-border freight pricing was already poised to increase significantly by necessity. Increasing demand for consumer goods and tight capacity have collided with higher costs and a scarce supply of drivers and...

https://www.freightwaves.com/news/analysis-vaccine-mandate-or-not-us-canada-cross-border-freight-rates-poised-to-rise

Canadian carrier Titanium targets pricing as inflation drags on record Q3

A tractor-trailer from trucking firm Titanium seen from the side on a highway.

Canada’s Titanium Transportation Group reported record revenue in the third quarter as executives told financial analysts that the cross-border transportation and logistics firm is working to negotiate higher rates with its customers.

“Nobody is shocked — and not a lot of pushback,” Chief Operating Officer Marilyn Daniel said during a conference call with analysts Wednesday. “Now it’s coupled with, ‘OK, can you do it?’ more than how much it is — no different than the way we buy our groceries...

https://www.freightwaves.com/news/canadian-carrier-titanium-targets-pricing-as-inflation-drags-on-record-q3

Canada freight pricing to jump, Mullen Group CEO says

A tractor-trailer from Mullen Group trucking company Payne Transportation travels on a highway, viewed from the side of the road.

The price of freight in Canada is poised to surge higher as demand continues to outstrip the capacity to move goods and government wage subsidies end, the CEO of one of the country’s largest trucking and logistics firms, Mullen Group, said Thursday.

“This has already occurred in the United States,” Murray Mullen told financial analysts. “In Canada, we are lagged on this market change but … I am of the view that we are in the early days of improved pricing. I can tell you this, our business units...

https://www.freightwaves.com/news/canada-freight-pricing-to-jump-mullen-group-ceo-says

ENERGY Transportation Group ranks among Canada’s top growing companies

ENERGY Transportation Group has been named one of Canada’s Top Growing Companies, according to the recently released annual list from The Globe and Mail. 

The Globe and Mail’s directory of Canada’s Top Growing Companies is a prestigious list that covers everything from fashion to medical testing to manufacturing. ⁠This year ENERGY Transportation Group is No. 207 of 448, boasting 198% revenue growth over the past three years. 

“It’s always an honor to be recognized for our hard work growing our...

https://www.freightwaves.com/news/energy-transportation-group-ranks-among-canadas-top-growing-companies