While vaccine mandates prompt real fears of a cross-border capacity crunch, the cost of moving freight between the U.S. and Canada has been underpriced for too long.
Cross-border trucking and logistics firm Titanium is negotiating higher rates with customers as inflation puts pressure on margins. “Nobody is shocked,” COO Marilyn Daniel says.
The CEO of Canada trucking giant Mullen Group says the cost of freight in the country is set to press upward amid high demand, tight capacity and the end of wage subsidies.
This year ENERGY Transportation Group is No. 207 of 448, boasting 198% revenue growth over the past three years.
Read the full story, here.
“We’ve definitely seen things coming back,” Energy Transportation CEO says as a key measure of truckload volumes in Canada rises 27% over two weeks on FreightWaves’ SONAR platform.
Key FreightWaves SONAR index pushes past post-Canadian National strike level as trucks continue to move loads.
Murray Mullen suggests freight market weakness could take carriers out of business, but says his company is ready to jump on acquisition opportunities to grow its less-than-truckload business.
Transportation and logistics firm plans additional brokerage offices in the United States, while CEO suggests a willingness to make an asset-based acquisition.
