Comments on: Pride Group owner seeks stay of proceedings until June 30

By: Clive Reddin

Clive Reddin — Sun, 07 Apr 2024 23:14:45 +0000

Why should creditors have to wait for what they are owed? Doubt it would be the other way around if Pride was waiting for their money.

By: Sebastian Mulder

Sebastian Mulder — Sat, 06 Apr 2024 14:20:05 +0000

And logistics side didn’t the guy in charge put Bruce R Smith in bankruptcy?

By: Adrianus van der Pol

Adrianus van der Pol — Sat, 06 Apr 2024 13:32:53 +0000

It is not nice to go under. But growing from selling a couple of trucks to 50 locations and twenty thousand units in about 13 years is asking for trouble. Prices of transport are on average on the spot market 30% below what it should be.
The driver and co operations kills the industry. The company that goes that route is saving on Workers comp do not vacation pay or holiday days. Benefits etc
This is on average $20,000 per driver per year. All that is killing the industry.
And there is enough work for truck drivers so they will not be unemployed for long.
Trucks who are financed true Pride by Mercedes öre Volvo etc have always the option to take over the contract themself if the OO is financially stable.
So it is not all that bad. Then they will be real OO. Just saying.

By: R. Elliott

R. Elliott — Sat, 06 Apr 2024 02:44:32 +0000

In reply to Alan James Copland. These individuals were careless in management and financial matters. They bought waaay too much equipment, real estate, etc. and when the crap hit the fan notwithstanding Covid 19 along with driver issues, spot market crisis...they got caught short, now they expect extended time to refunded money and assets elsewhere. They just over extended with champagne taste ideology abd it has backfired.

By: Stan Bianowski

Stan Bianowski — Fri, 05 Apr 2024 15:02:46 +0000

In reply to Alan Martin. The problem is that they clise today reopen tomorrow new names on all I don't understand what their problem is this timebĥ

By: Alan Martin

Alan Martin — Fri, 05 Apr 2024 01:31:12 +0000

Let them fold, the industry is better off without them. Good drivers will find other companies to drive for and bad drivers will be pushed out of the industry.

By: Grunes Fahrrad

Grunes Fahrrad — Fri, 05 Apr 2024 00:35:31 +0000

They were fully aware that they were in trouble way back. and did nothing. Now they want time. No. Let them die, like others in the pass. The good drivers & staff will have no issues finding employment, Bad ones we can say good luck.

By: Greg Babenko

Greg Babenko — Thu, 04 Apr 2024 23:54:25 +0000

It would be very interesting to k ow how much money is actually owed to the Canada Revenue Agency with respect to hst, employee deductions and so forth.
It seems we know the figures for all the suppliers, vendors etc.

By: Alan James Copland

Alan James Copland — Thu, 04 Apr 2024 14:22:25 +0000

This probably won’t work, they owe too much. As well, their web of companies is self serving and looking very sleezy with the many trucking concerns which seem to only support vehicles and trailer sales to desperate new drivers.