Business, Equipment

Major Shareholder Backs Ritchie’s $6 Billion IAA Deal

A large investor in Ritchie Bros. Auctioneers Inc. is backing the Canadian auction company’s proposed takeover of IAA Inc., giving a boost to a deal that has been opposed by other shareholders.

Derek Decloet | Bloomberg News
January 30, 2023
Government, Business, Logistics

Vancouver’s Jammed Warehouses Cast Light on Rising Costs

To understand why inflation is running so hot, look to Canada’s West Coast. Vancouver, the home of one of North America’s busiest ports, is bursting at the seams.

Derek Decloet | Bloomberg News
April 25, 2022
Government, Business, Logistics

Vaccine Rule Raises Shipping Costs for Canadian Grocer

The head of one of Canada’s largest supermarket chains says the vaccine mandate for truckers crossing the U.S.-Canada border is raising the cost of shipping fresh food. But so far, it has had little impact on the retailer’s ability to stock shelves.

Derek Decloet | Bloomberg News
January 25, 2022
Business, Logistics

CN Rail Targets Cost Cuts, Share Buybacks to Fend Off Shareholder Revolt

Canadian National Railway Co. said it plans to cut spending, streamline management and buy back C$5 billion (about $4 billion) of stock next year as its tries to ward off a shareholder revolt started by TCI Fund Management Ltd.

Derek Decloet | Bloomberg News
September 17, 2021