Follow us on Twitter!
Blog Header Logo
DG&A's Transportation Consulting Blog
Subscribe to this list via RSS Blog posts tagged in 2015 Economic Forecast

A sold out crowd attended the 2014 Surface Transportation Summit at the Mississauga Convention Centre on October 15. This year’s conference had 30 speakers and panelists and two networking tracks. While I was not able to attend all of the tracks, here are some of my key takeaways from this year’s sessions on Trends in the Economy and Trucking.

The 2015 Economic Outlook track featured a leading economist and transportation equity analyst along with two trucking company executives. Despite the recent turbulence in the stock market, Carlos Gomes, Senior Economist with the Bank of Nova Scotia, highlighted that the US economy is trending positively and expects this momentum will carry into 2015. Mr. Gomes stated that U.S. and Canadian household balance sheets are in their best shape in some time as interest rates remain low and energy prices have trended lower. In terms of economic activity, orders for manufactured goods in the U.S. have picked up and the number of backlog orders is at the highest level in years.

In addition, annual automobile sales are above 16 million units and will likely remain at elevated levels due to the average age of cars in the U.S. and Canada. Exports are also trending upwards in Canada and should be sustained by the low Canadian dollar and the fact that the U.S. remains Canada’s largest trading partner. This combination of variables suggests that Canada will benefit from the strong relationship with the United States. Mr. Gomes expects GDP growth in Canada of 3.5% this year and 4% next year.

David Newman Equity Research Analyst, Cormark Securities, noted that regulatory changes in the U.S. and driver shortages are leading to pricing improvements in the trucking and rail sectors. These shortages are pushing spot and contract rates upward. Looking at the PMI (Purchasing Manager’s Index) and ISM (Institute of Supply Management) indices, there is momentum in freight volumes. This could support healthy freight activity through the first six months of 2015. Truck orders are back to 2006 levels that reflect the confidence in the economy. Truckload carriers are consolidating with TransForce and Celadon making major acquisitions. Mr. Newman expects more consolidation in the Canadian market but he also expects the truckload division of TransForce to be spun off.

Mark Seymour, President, Kriska Holdings Limited, talked about the “discipline” and technology that Kriska employed to drive improved pricing and profits. This discipline has allowed his company to have a good “run rate” over the past few years. Driver wages and the treatment of drivers are keys to future growth at Kriska. Mark highlighted the requirement for short term (one year) pricing with long term commitments (“annual pricing conversations”).

...
Hits: 1909
0
Continue reading 0 Comments

For the sixth consecutive year, Dan Goodwill & Associates and the Business Information Group (publishers of Canadian Shipper and MotorTruck Fleet Executive) will be co-hosting a Surface Transportation Summit. The 2014 Summit, scheduled for October 15 at the Mississauga Convention Centre, will feature expanded networking opportunities and more educational tracks. The following are some of the highlights.

The event will be kicked off by Carlos Gomes, a Senior Economist with the Bank of Nova Scotia. Carlos along with a panel of shippers and carriers, will take a look ahead at where the Canadian Economy and the Canadian Freight Industry will be going in 2015. Joining Lou Smyrlis, Publisher and Editorial Director at the Business Information Group on a panel will be David Newman, Director, Equity Research Analyst with Cormak Securities, Patrick Cain, CEO at Cain Express and Mark Seymour, President of Kriska Holdings Ltd.

This will be followed by an Executive Leadership Perspectives panel. Paul Cooper, President of SLH Transport, Douglas Harrison, CEO of Versacold Logistics, Mathieu Faure, Marketing & Sales, Intermodal, CP Rail and Rob Penner, Executive Vice President and COO, Bison Transport, will share their thoughts on some of the major issues facing their sectors of the Transportation industry.

One of the hot topics at last year’s Summit was the need for more shipper-carrier collaboration. In fact, the primary advocate who spoke on this topic was Jacquie Meyers, President of Meyers Transportation Services. Jacquie will be back this year and will discuss this topic in a panel discussion with Gary Fast, Associate Vice president, Domestic Transportation Services at Canadian Tire and Elias Demangos, President & CEO, Fortigo Transportation Management Group.

The final track of the morning will focus on Same Day Delivery Service- Challenges and Opportunities. March Wulfraat, Founder and President of MWPVL International, one of the world’s foremost experts on Amazon’s fulfillment centres and same day delivery initiatives, will address what has become one of the hottest topics in the freight industry.

...
Hits: 2469
0
Continue reading 0 Comments

Most Recent Posts

Search


Tag Cloud

CSA scores Success failure entrepreneur capacity shortage Schneider Logistics Comey freight payment freight audit driver freight audit Global Transportation Hub Canada's global strategy Global experience driver shortages CSA Loblaw Business Strategy solutions provider Freight Management energy efficiency Muhammad Ali Freight Capacity Hudsons Bay Company Canadian truckers Reshoring Freight Matching APL Management shipping wine Canada University of Tennessee dynamic pricing Outsourcing Sales IANA mentoring US Auto Sales CSX Training New Hires broker bonds Load Boards Microsoft freight agreements CRM autonomous vehicles Ferromex Werner EBOR freight payment Failure Twitter home delivery Transportation service LCV's NAFTA robotics RFP Search engine optimization LTL Education Colilers International Trump Dedicated Trucking freight costs Horizontal Supply Chain Collaboration economic forecasts for 2012 dimensional pricing Canada-U.S. trade agreement YRC Toronto Driver Shortage Emergent Strategy US Economy Keystone Pipeline Distribution Transportation Buying Trends Survey Transplace CN FMCSA ELD Finance and Transportation Accessorial Charges TMS Warehousing UP Freight Shuttle System customer engagement ShipMax Job satisfaction marketing Sales Management USA Truck Business skills Load broker truck driver Transloading FMS 3PL US Manufacturing Software Advice Transportation home delibery FCA trade Swift US Election Freight contracts freight cost savings Training Consulting Yield Improvement ProMiles Regina Map-21 network optimization hiring process 2014 freight volumes freight rate increases Blockchain Canadian economy freight broker US Housing Market employee termination Canada U.S. trade small business derailments Packaging Carriers MBA Retail Climate Change Donald Trump Adrian Gonzalez Freight Recession carrier conference business start-up Canadian Transportation & Logistics consumer centric David Tuttle Stephen Harper Trade Vision Bobby Harris Success Spanx Broker Harper Davos speech Wal-Mart Doug Nix Celadon Surety bond Cleveland Cavaliers risk management Amazon Social Media in Transportation Railway Association of Canada fuel surcharge drones Transport Capital Partners (TCP) MPG rail safety Freight Rates LinkedIn Right Shoring NMFC shipper-carrier roundtable professional drivers Conway coaching Infrastructure peak season Deferred Packaging bulk shipping intermodal e-commerce shipper-carrier collaboration 2014 economic forecast Sales Training BNSF technology tanker cars buying trucking companies 2012 Transportation Business Strategies. Jugaad Doug Davis Grocery FuelQuest freight bid Truckload 2013 Economic Forecast transportation newspaper cheap oil Masters in Logistics freight transportation conference freight RFP Leadership freight forwarders automation capacity shortages transportation audit Career Advice routing guide driverless selling trucking companies CITA Shipper Pulse Survey TransForce Scott Monty Driving for Profit freight transportation in 2011 future of freight industry Facebook Business Transformation Strategy Canadian freight market Rotman School of Business Politics FCPC Fire Phone supply chain management Omni Channel trucking company acquisitions Inbound Transportation TMP Worldwide CN Rail Life Lessons the future of transportation New York Times Freight NCC Dedicated Contract Carriage Social Media Entrepreneur shipping financial management Freight Carriers Association of Canada Whole Foods CP Rail $75000 bond JB Hunt Transcom Fleet Leasing online shopping freight transportation Crude Oil by Rail natural disasters 3PLTL economy 360ideaspace Retail transportation Derek Singleton Dan Goodwill KCS BlueGrace Logistics President Obama 2014 freight forecast Associates NS Rail Crisis management truck drivers Trucking transportation news Shipper Sales broker security pipelines Rate per Mile last mile delivery Blogging Otto shipper-carrier contracts 2015 Economic Forecast Tracy Matura

Blog Archives