Comments on: Pride Group’s U.S. fleet Arnold Transportation ceases operations https://www.trucknews.com/business-management/pride-groups-u-s-fleet-arnold-transportation-ceases-operations/1003184965/ Trucking news from the editors of Today's Trucking Sun, 19 May 2024 21:56:07 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Clive Reddin https://www.trucknews.com/business-management/pride-groups-u-s-fleet-arnold-transportation-ceases-operations/1003184965/#comment-487371 Sun, 19 May 2024 21:56:07 +0000 https://www.trucknews.com/?p=1003184965#comment-487371 Tip of the iceberg for Pride. The deeper you sink, the faster you go.

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By: David Ham https://www.trucknews.com/business-management/pride-groups-u-s-fleet-arnold-transportation-ceases-operations/1003184965/#comment-484547 Tue, 07 May 2024 14:30:28 +0000 https://www.trucknews.com/?p=1003184965#comment-484547 In reply to Beau Darville.

Your hate for Trudeau and the federal Liberal/NDP cabal may be justified but it is clouding your perspective. No trucking business can effect the macro economic environment but no trucking business operates in a vacuum. The same government decisions and policies largely affect us all, for better or worse, leveling the crappy playing field. That said, by providing value and service, making smart decisions, and not chasing freight not worth hauling carriers can sustain a realistic business model and persevere through these tough times. Barking at the moon just gets you a sore throat.

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By: Beau Darville https://www.trucknews.com/business-management/pride-groups-u-s-fleet-arnold-transportation-ceases-operations/1003184965/#comment-484440 Mon, 06 May 2024 18:01:49 +0000 https://www.trucknews.com/?p=1003184965#comment-484440 In reply to David Ham.

No one has the wherewithal to outlast an economy trashed by a federal government, not even Mullen.
Just take a look at where the country’s biggest carriers are making their business moves. Mullen is expanding and focusing operations in the west, where provincial governments are at odds with the federal government. TFI is expanding and focusing on the U.S. where they don’t have to deal with the Canadian federal government.
No, to postulate that “well run businesses” are immune to dysfunctional federal governments is pure folly.

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By: David Ham https://www.trucknews.com/business-management/pride-groups-u-s-fleet-arnold-transportation-ceases-operations/1003184965/#comment-484013 Fri, 03 May 2024 19:19:34 +0000 https://www.trucknews.com/?p=1003184965#comment-484013 In reply to Beau Darville.

Well run businesses hold their own or even prosper through various governments. (Mullen, for example). Operators need to look in the mirror, not to Ottawa.

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By: Beau Darville https://www.trucknews.com/business-management/pride-groups-u-s-fleet-arnold-transportation-ceases-operations/1003184965/#comment-483839 Thu, 02 May 2024 16:37:05 +0000 https://www.trucknews.com/?p=1003184965#comment-483839 In reply to David Ham.

“Any lessons learned in Brampton?”
Lessons may have been learned, but it’s too late to make corrections. A disproportionate number of Brampton based carriers are solely dependent on Pride Group for their operating necessities like equipment, maintenance, insurance, fuel, financial management, etc., and there is no way Pride Group can prosper, let alone get out of protection, in an economy that cannot begin to recover until this country enjoys a change of government, which, thanks to the NDP (the unelected arbiter of federal power), will not happen before October 2025, making the earliest we will see improved economic numbers Q1 2026.
Unfortunately Pride Group is just the tip of the iceberg. It was just their hapless luck to pull the first short straw. There will be a significant number failures, whether they be logistics, manufacturing, or service industries, between now and 2026.
Everyone, regardless of their industry classification, has depleted their war chests, and are now in survival mode. There are, as we speak, serious conversations and alternative planning going in in boardrooms of a stripes, all across the nation.
If you don’t think I am right, just take note of the increased number of phone calls and emails you are getting every day from people trying to sell you something, anything !!!
Sadly, whether you are an employee, entrepreneur, owner, or shareholder, of any industry, this is just not a good time to be a Canadian.
Fortunately Alberta and Quebec are well positioned to strike out on their own should their respective provincial governments visualize the need to do so. The rest of us … we’re just plain screwed.

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By: David Ham https://www.trucknews.com/business-management/pride-groups-u-s-fleet-arnold-transportation-ceases-operations/1003184965/#comment-483822 Thu, 02 May 2024 14:39:54 +0000 https://www.trucknews.com/?p=1003184965#comment-483822 The inexorable ebb and flow of the business cycle continues to claim inexperienced and naive victims. The combination of hubris and poor timing are providing a real cold bucket of reality to unprudent operators like The Pride Group. Unfortunately, there is a sad fallout for employees who depended on them. Fortunately, the job market is robust enough so that most will land on their feet. Any lessons learned in Brampton? Time will tell.

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