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Month: June 2016

Stompin good Transcourt times at Stompede 2016

Toronto, June 3rd, 2016 – It has become a tradition at Transcourt Truck Leasing to invite customers from all over the country to special events in their region. This is Transcourt’s way of saying thank you and letting customers know that their loyalty is not taken for granted. Last week Transcourt had a Skybox at the Evergreen Park in Grande Prairie where customers from Northern Alberta and surrounding areas were invited to attend various events at Stompede 2016.

Guests attended Churckwagon Races and the Rodeo over a two-day period. Stompede is somewhat of a qualifying event for the Calgary Stampede and those who accepted Transcourt’s invitation in Grande Prairie had a stompin good time as seen in the pictures.

Transcourt Tank Leasing was founded in 1997, specifically to meet the leasing and long-term rental needs of the liquid and dry bulk transport industry. Transcourt’s large fleet of tankers is available to customers across North America. A wide selection of tank trailer configurations is available to a variety of unique industry segments and includes stainless and aluminum tankers, propane btrains and tridems, crude oil and condensate tankers as well as dry bulk trailers.

 

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Steve and Megan from Troyer Ventures; Darryl Grosse of Northwest Tank Lines and Gail; Jerry Lawrence of National Tank Services and Caroly; Gerald Pearson of RBS and the President of Transcourt, Bruce Daccord.

Steve and Megan from Troyer Ventures; Darryl Grosse of Northwest Tank Lines and Gail; Jerry Lawrence of National Tank Services and Caroly; Gerald Pearson of RBS and the President of Transcourt, Bruce Daccord.

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Transcourt greets world class curler at Truxpo

Toronto, May 20th, 2016 – Truxpo, Western Canada’s largest trucking event took place in Abbotsford, British Columbia, on May 13 and 14, 2016. This was Transcourt Tank Leasing’s first participation at Truxpo and the company took advantage of the occasion to make its expertise and capabilities better known to over 10,000 visitors.

Over the past few months, Transcourt has made it a point to participate in major industry gatherings throughout Canada and the United States to showcase its products and services. More and more companies in the Bulk Transportation industry are discovering Transcourt’s ability to offer total solutions customized to specific needs. In addition, Transcourt now operates pick-up and delivery centers in Moncton, NB; Montreal, QC; Toronto, ON; Edmonton, AB and Calgary, AB as well as Lancing, IL; Houston, TX and Pasadena, TX;

«Transcourt’s Western Canada team was front and center in Abbotsford to greet customers and other interested parties », explains Kevin Quick, Vice-President of Business Development at Transcourt. « We believe it is important for visitors to be able to meet the team members that they will be dealing with when they call on Transcourt. »

One visitor the Transcourt team was more than happy to welcome to their booth at Truxpo was world champion curler Georgina Wheatcroft. Born in Nanaimo, BC; Georgina Wheatcroft is a member of the Royal City Curling Club out of New Westminster. She has taken part in 8 Scotties Tournament of Hearts over the years and won the bronze medal with the Canadian team at the 2002 Winter Olympic Games in Salt Lake City. She also was a member of gold medal winning Canadian teams at the 1987 World Championship in Chicago and in 2000 in Glasgow.

Transcourt Tank Leasing was founded in 1997, specifically to meet the leasing and long-term rental needs of the liquid and dry bulk transport industry. Transcourt’s large fleet of tankers is available to customers across North America. A wide selection of tank trailer configurations is available to a variety of unique industry segments and includes stainless and aluminum tankers, propane btrains and tridems, crude oil and condensate tankers as well as dry bulk trailers.

 

Truxpo-2016-1 Former world champion curler Georgina Wheatcroft is seen here with Kevin Quick, Vice-President of Business Development at Transcourt.

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Former world champion curler Georgina Wheatcroft is seen here with Kevin Quick, Vice-President of Business Development at Transcourt.

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Dave Gill, Marketing Manager for Western Canada Highway News with Transcourt’s Vice-President of Business Development, Kevin Quick.

Canadian in-transit shipments to the U.S. set to resume after 11 years

The Canadian trucking industry has resumed shipments through the U.S. as of May 27, after over 11 years.

The resumption of shipments will begin with a 6-month pilot program for nine carriers.

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The success of the program will determine if the program is expected to resume on a permanent basis.

The program itself began when a truck crossed into the U.S. at Port Huron, Michigan and will pave the way for widespread efficiency for the trucking industry.

Freight rates and volumes see no change

Spot truckload freight rates and volumes haven’t improved over the last two weeks. Load-to-truck ratios increased and diesel prices have risen as well. Spot rates are expected to pick up as a result.

Spot market load posts fell 4%, while the van ratio gained 1% to 1.7 loads per truck, and the flatbed ratio was up 5% to 15.4 to 1.

Spot Market Rates

The national average van rate fell to $1.53 per mile, and the reefer rate declined by the same amount to $1.87 per mile.

Driver shortages continue to worsen, expected to increase

The trucking industry has consistently experienced a decline in attracting new drivers and maintaining current ones. The shortage is expected to worsen this year and in the future.

Retiring personnel is one of the biggest causes of the shortage. The American Trucking Associations indicates a deficit of 48,000 drivers expected, and the shortage is expected to increase to 175,000 by 2024.

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The average age for a truck driver to retire is 49%, and most applicants aren’t qualified, therefore unable to meet the shortage.

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Increased trucking costs projected for 2016

Transcourt, Oakville Ontario: The Canadian economy has had a significant impact on the trucking industry with the depreciating loonie.

Halfway through 2016 and economic experts are forecasting a continued rise in equipment costs, driver retention and changes to rules and regulations.

 

Equipment Costs

The Canadian dollar dropped to 69 cents in January and hasn’t been as strong over the course of the year. As a result, Canadian truck dealers are spending an average of 40% more on tractors, trailers and parts. It’s an economic challenge for the industry, especially private fleet owners.

 

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Cost of attracting and retaining drivers to increase

Driver shortages are a consistent problem in the industry, with 33,000 vacancies expected by 2020. The cost to attract and retain them will continue to increase. Companies will spend more on advertising, road testing and recruiting in order to get new drivers and maintain their current roster.

 

Rules and Regulations 

Government changes in both Canada and the U.S. are going to have a significant impact on a company’s ability to manage its cost. Electronic logging devices (ELDs) will become mandatory for carriers in the U.S. next year, including Canadian drivers who are operating in the U.S. These devices cost anywhere from $165 to $832 per vehicle.

The rise in charges and changes to regulations may negatively impact private fleet owners as a result.

Karen Hazan, Canadian Cartage, May 2016