Truck News

News

BREAKING NEWS: MacKinnon emerges from creditor protection

GUELPH, Ont. -- MacKinnon Transport announced today it has successfully exited its Notice of Intent (NOI) creditor protection environment.


GUELPH, Ont. — MacKinnon Transport announced today it has successfully exited its Notice of Intent (NOI) creditor protection environment.

“We are exceptionally fortunate that everything that had to go right – did go right,” said president and CEO Evan MacKinnon. “The successful restructuring of the company, now in its 84th year of operation, was a joint effort by all employees, business associates, customers and suppliers alike. A significant aspect of the company’s restructuring was the sale of our van trailer operation to Laidlaw Van LP, which included employment opportunities for the employees and owner/operators associated with that aspect of our business.”

MacKinnon thanked employees, customers and suppliers for their support.

“All those associated with MacKinnon Transport have been very understanding of the situation and many of them continue to service and support our ongoing business today,” he said in a statement.

MacKinnon Transport is now smaller, but better poised for success, MacKinnon noted.

“Although a smaller entity in overall size, our growth and success will be through greater productivity and operational efficiencies,” he said. “This coupled with the benefits of our restructuring, positions the company for sustainable, profitable growth throughout 2012 and beyond.”  


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*