Pioneering Quebec carrier shuts its doors
SAINT-GEORGES-De-CHAMPLAIN, Que. — One of the oldest trucking companies in Quebec, Transport Asselin, has gone bankrupt.
The family company based in Saint-Georges-de Champlain, Que. near Trois-Rivières, was founded in 1937 and specialized in wood products hauling –especially wood chips.
Transport Asselin cumulated over $ 3 million in debts and asked to be placed under the Companies’ Creditors Arrangement Act in January.
The carrier said the fuel cost increases and the rationalization in the pulp and paper industry forced them to close their doors.
In 2004, Transport Asselin ranked 21st in Transport Routier’s Top 25 Quebec for-hire fleets, with 430 units and 230 employees.
Creditors are scheduled to meet on September 22 to discuss options.
— With files from Radio-Canada
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