How is work going for all of you?

As you know, the Margins in Van/Reefer are like 1-3% now. Bison was already undercutting for years, so they were essentially losing money on Van and Reefer, because they had accounts like Costco, Walmart, Home Depot, Canadian Tire, Rona etc etc etc to prop them up. Well since losing Walmart, Rona and half of the Home Deport Acct; They are pretty much screwed. If I had to guess, I think they're going to become Richardson and Costco's private fleet. (My Opinion). Also, they can hire scabby 3PL power like Amazon does, for less than their own company trucks, so that def seems to be the model they're going after on the Van/Reefer side of things.

 

Yea, Richardson's is basically using them as their private fleet now.

 

A bunch of Liquor and Food companies were already planning on moving to the US, the Tariff's, the insane capital gains tax increase, The EI/CPP employer contribution hikes, and the falling Canadian Dollar all pushed them over the edge. There would be no Tariff's right now, if the Liberals addressed the border issue seriously, and Carney could have left the Palestine thing alone, but he didn't and here we are. I'm sure you've all noticed Bick's Pickle's have disappeared from store shelf's already. More food and liquor items are on the way shortly. Also don't forget, the US never told anyone to pull Canadian Liquor off the shelves. Ford's little tantrum, of ordering already paid for liquor to be pulled, and the media putting it on blast 24/7, sent a clear signal to many companies, that idealism and virtue signaling rule Canada; not business sense.

What should concern more people, is the $84 billion dollars in investment capital that is leaving Canada every month, while the liberals continue to make the business environment more hostile. I mean, even home developers are starting to pull out, and head to the US (I've seen this in person). Carney just announced Carbon Tax 2.0 (Clean Fuel Standard) so, thats $0.17/L cost back on everything again, which might just stall out the construction boom.

 

We can't keep the place running on life support forever.