Ritchie Bros. Auctioneers Inc. has the potential to double its share price if it takes over IAA Inc., its CEO said as she launches a final push to fend off opposition from some shareholders to the deal.
February 13, 2023Business, Equipment
Ritchie CEO Promotes Merits of IAA Deal Ahead of Vote Showdown
Business, Equipment
Major Shareholder Backs Ritchie’s $6 Billion IAA Deal
A large investor in Ritchie Bros. Auctioneers Inc. is backing the Canadian auction company’s proposed takeover of IAA Inc., giving a boost to a deal that has been opposed by other shareholders.
January 30, 2023Government, Business, Logistics
Vancouver’s Jammed Warehouses Cast Light on Rising Costs
To understand why inflation is running so hot, look to Canada’s West Coast. Vancouver, the home of one of North America’s busiest ports, is bursting at the seams.
April 25, 2022Government, Business, Logistics
Vaccine Rule Raises Shipping Costs for Canadian Grocer
The head of one of Canada’s largest supermarket chains says the vaccine mandate for truckers crossing the U.S.-Canada border is raising the cost of shipping fresh food. But so far, it has had little impact on the retailer’s ability to stock shelves.
January 25, 2022Business, Logistics
CN Rail Targets Cost Cuts, Share Buybacks to Fend Off Shareholder Revolt
Canadian National Railway Co. said it plans to cut spending, streamline management and buy back C$5 billion (about $4 billion) of stock next year as its tries to ward off a shareholder revolt started by TCI Fund Management Ltd.
September 17, 2021