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Expect an increase in Class 8 Truck Orders

Class 8 truck net orders are projected to significantly increase in 2017.

FTR had forecasted an increase in December of 2016, seeing a 10% gain over November.

Class 8 backlogs are expected to increase, giving the market momentum in the first few months of the new year.

Despite this, order activity was considered 24% below for December, according to industry research.

The expected freight demand will keep the market active for the next few months, though.

Source : www.truckinginfo.com

Oil prices to remain under $60 for first six months of 2017

Goldman Sachs has announced oil prices will rise to under $60 US in the first half of the year thanks to reduced supply that would move the market into a deficit and draw down current large oversupply.

Brent prices will also peak at $59 US per barrel over the next six months with implemented cuts that will push the oil market into a deficit.

The deficit, according to Goldman Sachs, will move the market into backwardation by the summer season.

Brent prices are seen peaking at US$59 per barrel in the first half with the cuts implemented. The cuts would also push the oil market to a deficit in the first quarter, Goldman says, expressing a more optimistic view on the drawdown of oversupply than OPEC, which expects the market to rebalance in the second half, than the International Energy Agency (IEA) which sees the cuts likely moving the market into deficit in the first half by an estimated 600,000 bpd.

In Goldman’s view, the deficit in the first quarter would move the market into backwardation by the summer.

Source: oilprice.com

 

Petroleum is the largest commodity hauled across the nation

The National Tank truck Carriers (NTTC) conducted an analysis that revealed important pieces of information pertaining to the tank truck industry – specifically – what types of freight are typically moved by tank trucks.

Source: blog.duprelogistics.com

In 2013, the largest commodity group for all tank truck freight was petroleum products – gasoline, diesel and aviation fuel. Almost half of the use of tank trucks in the nation was to haul this material.

This analysis helps the industry as a whole make better decisions in terms of hauling. Petroleum products require specific handling when loading and unloading. As a result, this analysis teaches us that drivers should be specially trained to move dangerous goods on the road.

This also means businesses must examine their current fleet and determine if their current trucks are able to withstand transporting such materials. Furthermore, suppliers should have efficient carriers that can transport petroleum products.

Is your team and organization able to handle the specialized work?

Source: blog.duprelogistics.com

What the 2017-year has in store for the trucking industry with President-elect Trump’s proposed policies

Economic and federal policy efforts change on a regular basis, giving us insight into what might happen in the U.S. freight market, and this year is no different.

Cancelling regulations and adoption of new strategies can have a significant impact on meeting customer demands.

Acording to Chris Spear, president and CEO of the American Trucking Association (ATA) trade group, tax reform and infrastructure is on the horizon. It begins with a 10-year, $1 trillion infrastructure proposal put forth by President-elect Trump. With over 76% of NAFTA surface trade being carried by trucks, the new proposal could have an impact on trade.

ATA’s Chris Spear Image Courtesy of fleetowner.com

Regulations are a necessary part of the industry, but Spear stresses the importance of clear, good regulations that do not cause a burden, but a measurable return.

Trump’s new administration will largely affect the U.S. commercial vehicle industry, but global market participants are key players as well.

Reported lower corporate tax cuts could be seen as a benefit to the U.S. trucking industry, but could be burdening for global truck manufacturers and suppliers.

Continue to visit our website for important updates on the political trends and policies pertaining to the trucking industry.

Source:  Sean Kilcarr blog Trucks at Work

Transcourt continues to reinforce its presence in Québec and the Martimes with the appointment of a new Director of Business Development

Toronto, January 13th, 2017 – The development and expansion of the Québec market for Transcourt was first supported by the establishment of a new office in Montreal’s Anjou borough one and a half year ago and today, Transcourt is pleased to announce the appointment of Julie Thibaudeau as the new Director for Business Development, exclusively for the Quebec and Maritimes’ markets.

Julie Thibaudeau has spent most of her career in the Logistics and Transportation Industries.

Prior to joining Transcourt she held the position of Business Development Director with a major North American bulk carrier.

Julie who will be based in our office in Anjou, will enable us to cater and better serve our Francophone clientèle and answer the needs of the Québec and Maritimes’ markets whether on a short, medium or long term basis”, explained Bruce Daccord, President of Transcourt Tank Leasing. “With our vast fleet that includes a large variety of tank trailers we are certainly well equipped to deliver flexible and customized service to our customers in Quebec and the Maritimes as we do elsewhere in Canada and the USA.

“Transcourt is certainly more than a conventional trailer rental company as we offer business solutions including operational and financial aspects to suit the specific needs of each client, no matter how big or how small the project is. Our main goal is to provide a wide variety of equipment in North America and become the supplier of choice when carriers and bulk shippers are looking for a tanker to add to their operations”, continued Bruce Daccord.

About Transcourt

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 Canada. 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.

Source: Vianna Murday
Transcourt Tank Leasing
905-338-5744
vmurday@transcourt.com

Partnerships can be the basis for growth

In an article titled Building Trust in Business Partnerships published by Queens University’s IRC (Industrial Relations Center) back in 2010, Jim Harrison and Gary T. Furlong wrote: “The ability to quickly establish and build trust is becoming even more important in today’s business environment, where partnerships and strategic alliances are common practice. Companies and organizations are strategically focusing more and more on their core competencies and high value activities. They are looking to partners – both external and internal – to contribute added value through complementary services, products, and expertise.”

Explaining the various types of internal and external partnerships that can exist in the corporate world, the authors pinpointed the importance of establishing relationships with suppliers amongst the less visible external partnerships: “In the most successful organizations, these traditional buyer-supplier relationships are being run not as price-driven, pain-filled, win-lose procurement exercises, but rather as trust-based, win-win partnering relationships.”

Without a doubt one of the leading transportation companies in Southern Ontario, family operated Joseph Haulage Canada Corp. has grown over the years to a fleet of 200 units operating 24 hours a day, every day, at three locations in Ontario (Stoney Creek, Mississauga and Caledonia) and looking to expand more in Ontario as well as  the Great Lakes area . The Stoney Creek carrier’s mission of providing customers with efficient, cost-effective solutions in times of economic challenges while never compromising its high standards for health and safety has never wavered.

The company offers a wide array of services requiring different equipment from trucks, dump trucks, live-bottom trailer, walking-floor trailers, tanker trailers to dump trailers and flatbed trailers. In order to be able to work with the best units possible, Joseph Haulage has always looked for the proper partners who take time to truly understand their needs before supplying the right equipment.

Geoffrey Joseph, C.E.O Joseph Haulage Canada Corp /Bruce Daccord, President Tanscourt Tank Leasing

A clear example of this practice happened this year when the carrier turned to Transcourt Tank Leasing, one of the Canadian leaders in short, medium and long term leasing of tank trailers of various configurations. After a few meetings earlier this year, it became clear there was a fit between the two potential partners. Since then, Joseph Haulage has leased / financed some 20 tank trailers including Polar Hot Product Tandems, Titan Aluminium Quints and Advance Aluminium Hot Product quads. “We appreciate the fact that Transcourt was able to provide business solutions tailored to meet our specific needs.  Their quick response helped us pursue new growth opportunities.” Says Geoffrey Joseph, C.E.O of Joseph Haulage. Both partners continuously strive to rise above customer expectations. They both build loyalty though trust and commitment.

For almost 20 years now, Transcourt’s expertise and experience are the reasons why clients turn to them. Their unique, flexible and more than conventional approach to tanker leasing, allows them to support customers in meeting their specific business requirements in North America.

They have a fleet of around 600 new and used trailers which include chemical, crude oil, Petroleum, food grade, hot products, dry bulk, FRP Lined, compressed gas trailers across North America,  with pick up and  drop-off locations  in Alberta, Ontario, Quebec, New Brunswick, Texas and Illinois.

Source:
Vianna Murday
Transcourt Tank Leasing
905-338-5744
vmurday@transcourt.com

Trans Mountain Pipeline Approved

Source: PM.GC.CA

The Government of Canada said that major pipelines could only get built if we had a price on carbon, strong environmental protections in place, Indigenous peoples respected, and approve projects that could be built and run safely.

The Government of Canada has approved the Kinder Morgan Trans Mountain Expansion Project now that these have been fulfilled.

This pipeline will twin a line that has been in operation since 1953, which extends from Edmonton, Alberta, to Burnaby, British Columbia. The project will effectively triple our capacity to get Canadian energy resources to international markets beyond the Unites States.

It will create 15,000 new, middle class jobs – the majority of them in the trades. This major initiative will get hardworking Canadians back to work, put food on the table for middle class families, and grow and strengthen our communities.

Today, Canada’s pipelines are operating at full capacity. That means any significant new production must find another way to get to market. Those modes of transport are less safe than pipelines.

We know the new, state of the art pipelines provide the safest route to get our resources to market. This is not an argument. It is a fact. So from this perspective, creating new pipeline capacity is the most responsible decision we could make to ensure public safety and mitigate risk.   

Canada has also approved the Line 3 Replacement Project.

This project replaces over 1,000km of an existing pipeline from Hardisty, Alberta, to Gretna, Manitoba. It will create 7,000 new, good jobs for tradespeople. It will be required to meet or exceed 37 binding conditions from the National Energy Board.

Ontario, Quebec, New Brunswick and Nova Scotia Harmonize Requirements for Trucking

Ontario, Quebec, New Brunswick and Nova Scotia have harmonized their requirements for long combination vehicles (LCVs), allowing carriers to transport goods more easily and efficiently across the four provinces while reducing emissions and lowering shipping costs. 

LCV’s are made up of a single tractor pulling two full-length trailers, effectively replacing two tractor-trailers. They are best suited for freight that is light and bulky, weigh no more than standard tractor-trailers and do less damage to transportation infrastructure.

LCVs reduce fuel consumption and related greenhouse gas emissions (GHGs) by approximately one-third, while offering shippers a cost-effective option to move more goods at one time and bring goods to market at a lower cost. Harmonizing the requirements allows for the free movement of LCVs across these provinces, providing both economic and environmental benefits.

Reducing barriers on goods movement and trade is part of our plan to create jobs, grow our economy and help people in their everyday lives.

Facts

Since the inception of the Ontario LCV Program in August 2009, carriers have safely completed over 220,000 trips covering 70 million km.

The Canada Safety Council reports that LCVs are involved in at least 40 per cent fewer collisions than regular tractor-trailers.

Ontario’s trucking sector moves $1.24 trillion in goods annually on Ontario’s roads. Approximately $765M of Ontario-US trade crosses the border by truck on a daily basis.

Source: news.ontario.ca

Photo Credit : www.challenger.com

 

Renewed interest in Keystone XL pipeline will only enhance TransCanada’s Energy East plans

With Donald Trump set to move into the White House in January, there is a possibility that TransCanada’s Keystone XL pipeline could be revived.

The revival would see Alberta crude sent south for refineries in the Gulf of Mexico.

While TransCanada’s plans were never halted, they were put on hold briefly, as the board must replace three original panel members. This will not prevent the organization from continuing its efforts.

Trump’s support of the pipeline has received attention from New Brunswick’s premier, announcing that his support could greatly change things.

Tim Duboyce of TransCanada said the company is committed to Energy East, and that oil shippers remain supportive of the initiative.

Energy East still has the support of the federal government, and was in fact disappointed when President Obama did not see eye-to-eye.

© 2016 Global News, a division of Corus Entertainment Inc

Do the benefits of switching to disc brake options outweigh the maintenance?

Photo courtesy of fleetequipmentmag.com

Photo courtesy of fleetequipmentmag.com

There has been a sudden adoption of air disc brakes due to the reduced maintenance requirements and costs associated with its counterpart – drums.

Does this mean air disc brakes will cost your transport company less money overtime? Not necessarily.

The director of marketing and customer solutions with Bendix Spicer Foundation Brake says while the level of maintenance for air disc brakes is less than drum brakes, they still need special attention. Keith McComsey says people assume they are maintenance-free, and that’s not the case.

There are impressive maintenance savings, however, the disc air brakes must be regularly inspected.

McKenzie Tank Lines inspects the brakes every 60 days in order to ensure the brakes are at their optimum. While they are not maintenance-free, they require less maintenance and more inspection-based.

Disc brakes are being increasingly used on heavy-haul transportation trucks because they offer better stopping performance in comparison to drums. Disc brakes need less parts and equipment as well.

Would you switch from drum brakes to disc air brakes?

Source: Trucknews.com