Titanium Reports Softer Q3 Earnings
Titanium Transportation Group was profitable in the third quarter of 2019, but earnings were below 2018’s strong numbers.
Trudeau: Canada to Resume Pork, Beef Shipments to China
Canada will resume shipments of pork and beef to China, Prime Minister Justin Trudeau said, signaling the Asian nation has lifted an import ban imposed earlier this year.
‘Canada’ Is Becoming a Dirty Word in the Oil Patch
Canada’s beleaguered energy sector suffered another morale blow as Encana Corp. — one of its marquee companies that was born out of the 19th-century railway boom — announced plans to move its headquarters to the U.S. and drop the link to Canada from its name.
Canadian Trucking Alliance Will Continue Push for Drug and Alcohol Testing Program
The Canadian Trucking Alliance will continue to urge government officials, including those recently elected, to establish a drug and alcohol testing program.
Trudeau Team Seeks to Calm Oil Patch Fears of Pipeline Debacle
One of Justin Trudeau’s top lieutenants says the Canadian prime minister will proceed with an expansion of the Trans Mountain oil pipeline even as he’s now likely to share power with the more environmentally minded New Democratic Party.
Auto Plant Shutdowns Fuel Canada Factory Sales Drop
Sales at Canadian manufacturers declined for a second straight month, partly on shutdowns at auto and steel plants. Factory sales fell 1.3% in July, Statistics Canada reported Sept. 17 from Ottawa. That far exceeded the median forecast in a Bloomberg survey of economists, which called for a 0.1% decline. In volume terms, sales dropped 1.6%.
Shopify Gets Boost After $450 Million Acquisition
Shopify Inc.’s initiative to spend $1 billion to set up a network of fulfillment centers in the U.S. has gained momentum after it announced the acquisition of 6 River Systems Inc., analysts said.
September 10, 2019Energy Stocks in Canada ‘Decoupling’ From Oil Seen as Worst Ever
The days when energy stocks and the price of oil moved in lockstep are now few and far between. In Canada, it’s the worst divergence on record.
Canadian Trucking Alliance Urges Provinces to Adopt ELDs
The Canadian Trucking Alliance has initiated conversations with transportation ministers in an effort to encourage adoption of electronic logging devices at the provincial level.
Pipelines Add Room on ‘Unrelenting’ Demand for Canada’s Oil
U.S. refiners want more Canadian oil, and pipeline companies are finding ways to get it to them. Companies are adding space to their congested oil export pipelines from Canada even as plans for bigger expansions and new lines face delays.