Canada
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Company earnings
Canadian National’s fourth-quarter net income falls 23.6%
The railway cited the labor strike and weak freight demand in lower fourth-quarter profits.
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News
Canadian Pacific, Teamsters have sharply diverging reactions to train accident documentary
The railway and the rail union respond to a CBC documentary about a fatal February 2019 train accident.
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News
Bankrupt Celadon seeks $900,000 in bonuses for executives, court filings show
Company argues payouts will maximize value during the wind-down of its North American trucking businesses, but the proposal faces resistance from a U.S. federal trustee.
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News
Maple Leaf Motoring: Celadon creditors aren’t ‘screwing the Canadians,’ lawyer says
Lawyers for Celadon and former Hyndman Transport employees argue over whether the U.S. company behaved badly in Canada.
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News
Today’s Pickup: An old foe, Canadian winter, menaces trucks
As record-breaking snowfall put freight movements on ice in Newfoundland, wintry weather turned the Toronto roads into a scary place.
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News
Grain groups in Canada want assurances for rail option
Organizations may lobby Parliament to declare rail service an essential service so that access remains available during events such as labor strikes.
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Canada
Celadon to formalize Hyndman bankruptcy in Canada as judge bars funds transfers
Celadon Group plans to ask Canadian court to recognize its U.S. Chapter 11 case as judge takes further steps to lock down Hyndman Transport assets.
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Canada
Celadon doubles down on Hyndman liquidation as Canadian court fight looms
Sale of Winnipeg terminal for C$4.25 million to commercial real estate firm appears set to be tied up in Canadian courts, where U.S. trucking giant’s…
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Business
Canadian fuel distributor Parkland grows US footprint and fleet with Kellerstrass acquisition
Deal to buy Utah-based company will expand Parkland Fuel’s presence in the Western United States with 84 locations and 63 trucks.
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American Shipper
American shippers praise Senate passage of USMCA
Overwhelming approval of U.S.-Canada-Mexico Agreement Implementation Act paves new trade pact’s way to President Trump’s desk for signature.
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