GUELPH, ON — MacKinnon Transport announced today that it has exited the Notice of Intent (NOI) Creditor Protection environment.
It’s good news for the carrier. Last December, MacKinnon entered into NOI, and was forced to make strategic restructuring decisions, notably selling its van-trailer operation to Laidlaw Van LP.
President and CEO Evan MacKinnon said today that “everything that had to go right, did go right. The successful restructuring of the company, now in its 84 year of operation, was a joint effort by all employees, business associates, customers and suppliers alike.” The sale of the van-trailer operation to Laidlaw was significant in the company’s restructuring, MacKinnon said in statement. That sale, MacKinnon noted, “included employment opportunities for the employees and owner operators associated with that aspect of our business.”
“None of this would have been accomplished without the dedication of all employees, the continued trusting support of our flatbed customers and our network of valued and loyal suppliers. 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.”
Mackinnon said their focus will continue to be on their flatbed services and operation.
“Although a smaller entity in over-all size,” MacKinnon said, “our growth and success will be through greater productivity and operational efficiencies. This coupled with the benefits of our restructuring, positions the Company for sustainable, profitable growth throughout 2012 and beyond.”
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