The Canadian commercial transportation sector witnessed a tumultuous 2024, with landmark events ranging from the bankruptcy of one of the nation’s largest trucking companies to significant labor disputes and looming tariff threats. These events have not only disrupted supply chains but have also reshaped the logistics landscape. Here are the top five stories that defined the year: Pride Group Files for Bankruptcy Protection In March, Pride Group, one of Canada’s largest trucking carriers, filed for bankruptcy protection, marking a historic collapse in the country’s trucking industry. The filing followed a $100 million lawsuit by lender Mitsubishi HC Capital America, which triggered additional claims from other creditors totaling $637 million. Based in Mississauga, Ontario, Pride Group operated a vast fleet of 20,000 tractor-trailers across 50 locations in North America, providing domestic and cross-border services, along with truck dealerships and service centers. By September, the company’s trucking and logistics operations… ...[TheTopNews] Read More.
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