Opinion: Is your truck fleet ready to sell?
I was 47, and like many entrepreneurs of my vintage, most of my net worth was tied up in my trucking company, MSM Transportation. I was starting to think about how to turn that equity into long-term financial security for my family. Four weeks after that chance meeting in the Air Canada lounge, an offer to buy MSM rolled off the fax machine. My head was spinning!
Driver shortage leads to Wiersma sale
KITCHENER, Ont. – Challenger Motor Freight is acquiring the assets of Ed Wiersma Trucking in a deal expected to close at the end of March, expanding Challenger’s Special Commodities Division. The 16-truck, family-run fleet specialized in flatbed truckload freight moving between southern Ontario and the U.S. But while it had up-to-date equipment and freight to haul, it was no longer able to attract the drivers it needed.