Im sure you all relieved that 150 of the finest drivers will be off the road for a few days until they get situated with other employers
RBC is getting very aggressive pulling the plug on businesses lately.
Trucking company shuts down after bitter dispute with bank - FreightWaves
Peoples Exress
Discussion in 'Canadian Truckers Forum' started by '88K100, May 28, 2021.
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So were they actually making their payments in full and on-time? Or is this just a case of all the undercutting in the trucking industry finally catching up to companies?
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I don’t blame rbc one bit. Typical piece of #### owners who ran it into the ground. You hide and divert assets, and your surprised when they call the loan??? Typical.
Magoo1968, BigHossVolvo, '88K100 and 1 other person Thank this. -
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The people xpress guy r not going out of buisness. Smart guys. They may have shut down the corporate company called people xpress. But they have another company called altalink logistics , their just gonna operate under that name
Canadianhauler21 and BigHossVolvo Thank this. -
Most trucking companies running their plates have two companies - assets and licensing...so if one goes under the other is ready to move...
eg. with the Humboldt accident the guys had his lic revoked - but his assets were under another company and so he was still runningCanadianhauler21 and BigHossVolvo Thank this. -
I Live not far from the PE yard on Metis Trail in Calgary, as stated above, they're already re-branding everything to Altalink, and their Driving School "People Driving" is already running around the NE/Freeport esp, 10 hours a day.
Canada is a joke.dancecanyon, Magoo1968, Canadianhauler21 and 2 others Thank this. -
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