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COMPETITION WATCH: Best managed Canadian carriers honoured

TORONTO, Ont. -- The best-managed Canadian transportation companies were acknowledged today as inductees to the Can...

TORONTO, Ont. — The best-managed Canadian transportation companies were acknowledged today as inductees to the Canada’s 50 Best Managed Companies Platinum Club.

Receiving the honour were: Bison Transport; MSM Transportation; Wheels Group; Quick X Transportation; and the Yanke Group of Companies. Industry supplier Fountain Tire also made the list of 31 companies. In order to qualify for the elite membership, companies had to maintain their status as one of Canada’s 50 best-managed companies for at least six consecutive years.

“The achievements of these companies are truly remarkable by any standard,” said John Hughes, partner, Private Company Services group with Deloitte and national leader of the Best Managed program. “Sustaining business growth and profitability over a long period of time is extremely challenging. These dynamic companies are among the select few able to successfully make the transition from small entrepreneurial operations to multi-million dollar, multi-functional corporations.”

“To reach the elite ranks of Platinum Club, a business needs to demonstrate repeated and consistent enterprise-wide excellence,” said James McSherry, executive vice-president and managing director, CIBC Commercial Banking. “It’s a distinction that honours the entire company, not just the senior ranks. All 31 of these Canadian companies have turned in the required team effort.”

The trucking industry was well-represented among the list of honourees, despite the challenges facing the industry.

“Some our greatest business management challenges have occurred during the past three years as we transport goods across the border in a post-9/11 environment,” said Mike McCarron, MSM Transportation’s managing partner. “During that time, we’ve grown and solidified our commitment to moving freight efficiently, safely, and securely. Being named to the Platinum Club for the third consecutive year is a testament to our employees, suppliers, and customers.”

The 2006 50 Best Managed Canadian Companies will be announced Feb. 3, 2006.

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