Shopify Inc.’s initiative to spend $1 billion to set up a network of fulfillment centers in the U.S. has gained momentum after it announced the acquisition of 6 River Systems Inc., analysts said.
September 10, 2019Canada Transportation News Updates
From industry trends to major updates, Transport Topics' Canadian transportation coverage updates keeps you informed on Canadian logistics. Whether you're tracking emerging opportunities or monitoring changes in the Canadian logistics sector, our updates ensure you remain ahead in the industry.
Shopify Gets Boost After $450 Million Acquisition
Energy Stocks in Canada ‘Decoupling’ From Oil Seen as Worst Ever
The days when energy stocks and the price of oil moved in lockstep are now few and far between. In Canada, it’s the worst divergence on record.
August 14, 2019Canadian Trucking Alliance Urges Provinces to Adopt ELDs
The Canadian Trucking Alliance has initiated conversations with transportation ministers in an effort to encourage adoption of electronic logging devices at the provincial level.
August 7, 2019Pipelines Add Room on ‘Unrelenting’ Demand for Canada’s Oil
U.S. refiners want more Canadian oil, and pipeline companies are finding ways to get it to them. Companies are adding space to their congested oil export pipelines from Canada even as plans for bigger expansions and new lines face delays.
August 2, 2019Shopify Rally Continues After Sales, Outlook Beat Estimates
Shopify Inc. shares continued their rally Aug. 1 after the Canadian e-commerce company reported second-quarter sales that beat analysts’ average estimate and gave a more optimistic full-year outlook.
August 1, 2019Canadian Oil Firms Offer to Ship by Rail if Output Limits Ease
Canada’s oil-sands producers are offering to commit to shipping a certain amount of their crude by rail in return for the Alberta government raising its production limits.
July 9, 2019Purolator to Spend $759 Million for Faster Deliveries in Canada
Courier company Purolator Inc. will invest more than C$1 billion over the next five years to build a shipping hub in Toronto, upgrade its fleet and enhance its retail network in Canada to reach more customers.
June 25, 2019Canada Announces Final ELD Mandate to Take Effect in 2021
The Canadian federal government has unveiled its long-awaited electronic logging device mandate, which will take effect in two years.
June 13, 2019CN Rail Open to Moving Alberta’s Oil-Shipping Deals to Drillers
Canadian National Railway Co. is open to transferring the crude-by-rail contracts that it signed with Alberta to private companies or to striking other arrangements that put its spare shipping capacity to use, CEO Jean-Jacques Ruest said.
May 9, 2019Canada Won’t Ratify USMCA Trade Deal if Metals Tariffs Are in Place
Canada is ratcheting up pressure on the U.S. to lift tariffs on steel and aluminum — threatening to hold up the new continental trade deal and change up its own retaliatory tariffs to have a bigger impact.
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