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CSA 2010 drives enormous growth for Vigillo
PORTLAND, Ore. — Data mining software company Vigillo has now provided CSA 2010 Carrier and Driver Scorecards for more than 500,000 truck drivers working for 1,300 carriers, the company has announced. The system provides driver and fleet safety information in an…
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Latin America to invest $450 billion in infrastructure through 2015
WASHINGTON, DC — CG/LA Infrastructure LLC, the world leader in strategic infrastructure project identification and development, today announced the release of its Latin American Infrastructure 2015 Report, the firm’s annual five year projections of the Latin American infrastructure market. Latin…
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Mercator Transport opens new African subsidiary
LAVAL, Que. — Mercator Transport Group Corporation has opened a new subsidiary in Ghana, Africa. The new company, know as Mercator Ghana, is located in the Port of Tema, at Accra’s International Airport and in Takoradi’s industrial zone. Company…
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Canada, Peru ink trade deal
OTTAWA, Ont. — Trade between Canada and Peru got a little easier last week, with the passing of the Canada-Peru bilateral free trade agreement (FTA) on Aug. 1. Officials say Canadian producers will benefit from the elimination of tariffs on…
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Trimac posts first quarter loss
CALGARY, Alta. — Trimac Income Fund posted a $700,000 loss in the first quarter and a 16.5% decrease in revenue compared to the first quarter of 2008. Trimac chalked the revenue decline to a reduction in fuel surcharges and a decrease…
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CN buys three rail subsidiaries, ferry operation from Quebec Railway Corp.
MONTREAL, Que. — Canadian National Railway has bought the three principal railway subsidiaries of the Quebec Railway Corp. (QRC) and a QRC rail-freight ferry operation for $49.8 million. Under the transaction, CN is purchasing 540 track miles of rail line…
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Saskatchewan upgrades highways along trade corridors
REGINA, Sask. — Another 12 kilometres of Hwy. 11 twinning has opened, from north of Osler to south of Hague, which is part of a major commercial route between Saskatoon and Prince Albert. “I am very pleased to see such…
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APTA pushes for rejection of carbon tax proposal
DIEPPE, N.B. — The head of the Atlantic Provinces Trucking Association is urging the Atlantic Federal Liberal Caucus to reject federal Liberal leader Stephane Dion’s carbon tax proposal. “I hope the Members of Parliament from our region will stand up…
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Canadian ports broke freight records in 2005: StatsCan
OTTAWA, Ont. — Canadian ports handled record-breaking levels of freight for the fourth consecutive year in 2005, as international cargo hit another high, according to a new report from Statistics Canada. Overall, shipments increased at 14 of the country’s top…
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THE BOTTOM LINE Can profits weather the slowdown?
The profitability of Canadian companies remained strong overall at least until the end of 2007, despite concerns about the economic storm clouds gathering just south of the border. Is the situation unique, and therefore sustainable, or an accident waiting to…
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North America’s Short Line Railroads are Moving Big Volumes
A short line is an independent railroad company that operates over a relatively short distance. Short lines generally exist to link two industries requiring rail freight together (for example, a gypsum mine and a wall board factory, or a coal…
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THE BOTTOM LINE: The Canada-U.S. FTA: 20 Years After
Twenty years have passed since the signing of the Canada-U.S. Free Trade Agreement, which went into effect 19 years ago. It’s a good time to check the report card, to see how we are doing. The architects of the deal…