People Express Goes Into Receivership

Unfortunately their steering wheel holders will be scooped up by the usual suspects to continue the carnage.

 

You're correct to assume that, however People Express and their drivers are SO BAD, I would say 80% of the company is made up, from people that already made the rounds and landed there as "A Last Resort".

Including the absolute most psycho nutcase driver I ever met, had the misfortune of working with him at my first ABL contractor, before I got my own show. The guy literally ran people off the road, and when he finally got canned from the contractor we worked for. He had a BMW 3 series pushed up against a pole, with a lady inside screaming on the phone to 911, and he was raming his truck repeatly into the BMW when the cops showed up. Anyway, I thought for sure he would end up in prison. But 6 months later, there he was at the Flying J, fueling up a People Express truck lol. Caravan, Rig, Lightspeed are a few that are on that level also.

 

Hopefully some of their customers will go broke too. They're as complicit in the race to the bottom as the carriers that drop their pants to get the work.

 

Bison will be ready with open arms I would assume.

 

Amen, Krown Produce, Loblaws and every single meat plant, deserve everything that's coming to them and then some.

I had a good run in reefer, made my money, and glad I called it when I did (I could have quit a month earlier, before I had a burnout lol) cause the whole industry is in a flaming tail spin now! I honestly can't wait to see who's gonna bite it next.

 

Looks like Royal Bank is closing more businesses. This store is our local truck stop while we wait to unload at Cargill Clavet Canola plant.
Store has never been late or missed a payment, but RBC said their numbers don’t look good. Apparently having decreased traffic due to covid is not an excuse.
Forced closure of Clavet, Sask. business has nearby community puzzled

 

If Trudeau wins again, this country is over, but for real this time. Lots of companies starting to shift assets outside of Canada, and the housing bubble is going to collapse by Xmas.