I hope the Myers family lands on its feet with their truckload and brokerage operations. This must be a very difficult time for them. As it is a privately held business one can only guess what happened. I'm surprised they closed down their "bread and butter" regional LTL. Trucks and terminals and a reputation in a regional market that spans decades are real competitive advantages.. or as they say nowadays.. they had a competitive moat that would have been hard for a newcomer to breach.
I think the other parts of the business should survive with no issues, I think that there has been a lot of competition move into eastern Ontario over the last few years and maybe they couldn't change or didn't want to change with the times.
It is a sad day for all the dedicated employees at MTS. The Armbro deal was most likely a big factor. Other reasons, not for me to speculate or comment on. Just hope everyone can find new employment. Tough in the eastern ON region.
Probably realized they'd make more selling off the assets piecemeal.. Normally "goodwill" and longevity make the business as a whole worth more than the sum of its tangible assets; however, if the business is in distress, the financials are weak, and sales have been in decline then that wouldn't be the case.
They also had a long standing agreement with Manitoulin to do their eastern LTL which came to an end in September. So trying to sell the company after your largest client left is sometimes "difficult".
Always sad to hear when a long time carrier disappears. Just the nature of the business I guess. Eastern Ontario has always been a tough market for LTL. Too many miles between too few towns with too little freight. It may prove to be a smart move for the Meyers family.
Please keep in mind that this is only a part of a much larger company we for certain have the pleasure of working with. Mortrans and Mosaic will keep operating. Mortrans does offer great service with strong communication. I think Marty's been one of our main contacts for years and does a great job on the TL business we send him. Maybe Mortrans will take over some of the equipment from Meyers and increase their fleet size/capacity as a result?
Is it surprising that with increased competition and somehow the competition can always 'do it for less' that a carrier on ON-QC LTL struggled? I'd say not really. Will it change the amount we love working with Mortrans? I'd say not really, good people, good service and fair rates it's not hard to send orders over there.
Titanium's history has shown a desire for carriers in a specific geographical region who can be merged thus cutting costs by reducing duplicated staff and terminals. Belleville doesn't fit into that scenario. Plus they don't seem to be fond of LTL unless it is partials to fill inbound U.S trailers.
I concur with Shakey. If there was a union there, it really hurts them from a competitive standpoint. Jackson's operation is an LTL operation (OK -- more a partial load operation) and the flatbed division spurned out of the acquisition of Flatliners that I believe was based in Brockville? Also, they opened up the terminal in Windsor (bought part of the assets of Drive Logistics).
They are in the running on pretty much every acquisition target out there (asset and non, from what I've been told) and even though everything they've done so far has been in Ontario ultimately they are going national.
Minimax Express is based out of Cornwall and has a 25 year solid reputation for being a "Premier Carrier" servicing next day to most points from SW ON to Quebec city. 6 terminals and a robust LTL list of clients. We protect our future with competitive but realistic pricing. We continue to invest in our equipment and people. So yes, there are options, and we are here for the long term,
Cheers everyone, have a great weekend