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Federal government spending $4.5B to buy Trans Mountain pipeline, B.C. terminal
Ottawa, ON — The federal Liberal government is spending $4.5 billion to buy Trans Mountain and all of Kinder Morgan Canada’s core assets, Finance Minister Bill Morneau said Tuesday as he unveiled the government’s long-awaited, big-budget strategy to save the…
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Restructuring activity to increase in 2017: AlixPartners survey
NEW YORK, NY–Global advisory firm AlixPartners has released the results of its 11th Annual North American Restructuring Experts Survey. This year’s survey, which represents the opinions of 207 senior-level restructuring experts, indicates there will likely be more restructuring activity in…
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IHS Markit report looks at transportation and oil demand
CALGARY, Alta.–The prospect for dramatic changes in transportation has led to increased uncertainty about future oil demand. But the gradual pace of global vehicle fleet turnover and the need for significant upstream investment to maintain existing oil production volumes over…
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Custom Truck Sales opens new parts and service facility in Saskatchewan
SWIFT CURRENT, Sask.– Custom Truck Sales recently opened a new parts and service facility in Swift Current, Saskatchewan, on Highway 4 and the TransCanada Highway. “Our new, 16,000 square-foot facility provides parts and service support to the area’s many companies…