Canadian freight claws out from ‘deep hole’

A tractor-trailer of Canadian carrier Challenger Motor Freight

Canadian freight appears to have turned a corner — at least as far as truckload volumes are concerned.

At Challenger Motor Freight, one of Canada’s largest carriers, the change took shape after volumes bottomed out about two weeks ago.

“It’s coming back,” Challenger President Dan Einwechter told FreightWaves. “But we have a long way to go. It’s a deep hole.”

A key measure of Canadian truckload volumes, the Outbound Tender Volume Index-Canada (OTVI.CAN) on FreightWaves’ SONAR platform, had climbed...

https://www.freightwaves.com/news/canadian-freight-claws-out-from-deep-hole

Cushman to step down as CEO at P.A.M. Transportation

P.A.M. rig on highway

P.A.M. Transportation Services (NASDAQ: PTSI) announced that President and CEO Dan Cushman will retire after 11 years at the helm. He will remain with the company in an “advisory role” until July 31.

Cushman’s retirement is effective May 1.

The Tontitown, Arkansas-based truckload (TL) carrier plans to begin an “internal and external national search” to fill the vacancy.

“On behalf of the Board of Directors and our entire company, I want to sincerely thank Dan for his transformative leadership and...

https://www.freightwaves.com/news/cushman-to-step-down-as-ceo-at-pam-transportation