Loadlink: Worst of Cnd Spot Market Downturn Likely Over Wednesday June 10, 2020 | Business Conditions TransCore Link Logistics thinks the worst of the spot market recession may already be over as Canada’s spot market load volumes took a dive in April, with overall load volumes on down 56% from March and 38% year-over-year.
Analysts Hopeful Bottoming of Freight Market has Passed Wednesday June 10, 2020 | Business Conditions The economic downturn wrought by the global spread of COVID-19 potentially hit its lowest point and freight demand has entered recovery which is forecast to continue on through the end of next year, according to CCJ magazine and freight analysts.
Have Your Say on Canada Emergency Wage Subsidy Extension and Reform Wednesday May 27, 2020 | Admin & Tax, Business Conditions, COVID-19, Labour/HR/Driver Shortage, News Releases The Canadian Trucking Alliance is calling on all carriers to give feedback on how the Canada Emergency Wage Subsidy (CEWS) could be amended to better suit their needs, whether they are currently using the program or not.
CTA to Feds: Make CEWS Scalable; Consider Focused Relief for Compliant Truckers Tuesday May 26, 2020 | Admin & Tax, Business Conditions, COVID-19, Labour/HR/Driver Shortage, News Releases, Operations & Safety The Canadian Trucking Alliance wrote Prime Minister Trudeau and several high-ranking cabinet ministers urging them to consider amending the Canada Emergency Wage Subsidy (CEWS) to be more inclusive of certain struggling businesses as well as other targeted relief measures to support trucking industry.