People Express Goes Into Receivership

Discussion in 'Canadian Truckers Forum' started by Phantom Trucker, Apr 26, 2021.

  1. Phantom Trucker

    Phantom Trucker Light Load Member

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    People Express Transport in Calgary was just placed into receivership. Apparently they had about 100 drivers, according to Safer.

    They claim on their website to be Western Canada’s second largest meat and produce carrier. -Which I thought was hilarious considering they only have 60 power units. Lol

    People Express Transport Ltd. | Insolvency Insider
     
    Magoo1968 Thanks this.
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  3. Capacity

    Capacity Heavy Load Member

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  4. '88K100

    '88K100 Medium Load Member

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

    BigHossVolvo Road Train Member

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    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.
     
  6. not4hire

    not4hire Road Train Member

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    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.
     
  7. MacLean

    MacLean Light Load Member

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    Bison will be ready with open arms I would assume.
     
    joey8686, '88K100 and not4hire Thank this.
  8. BigHossVolvo

    BigHossVolvo Road Train Member

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    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.
     
  9. uncleal13

    uncleal13 Road Train Member

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    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
     
    Phantom Trucker and not4hire Thank this.
  10. Phantom Trucker

    Phantom Trucker Light Load Member

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    Calgary, AB
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    I’ll second that. I know of a construction company RBC pulled the plug on as well.

    They’re clearly evaluating businesses and dropping the risky ones off their balance sheet.

    Tough times must be in the forecast if they’re this defensive now.
     
    uncleal13, BigHossVolvo and not4hire Thank this.
  11. BigHossVolvo

    BigHossVolvo Road Train Member

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    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.
     
    Magoo1968 and uncleal13 Thank this.
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