Part of an article from Trucknews yesterday:
2011-12-14
GUELPH, Ont. -- Trucknews.com has learned MacKinnon Transport has filed a Notice of Intention (NOI) under the Bankruptcy and Insolvency Act in order to restructure the company.
Meanwhile, Laidlaw Van LP has purchased the van division of MacKinnon Transport, according to a notice sent to drivers from Alex MacKinnon, senior vice-president, finance and administration.
In a message to driving staff yesterday, MacKinnon said: "Let me stress that this is NOT a bankruptcy of Mackinnon Transport, we have a NOI to make a proposal which offers creditor protection strategy, that will provide the time and stability necessary to complete financial restructuring, which will make MacKinnon Transport a stronger industry competitor with a renewed financial outlook." - 12/14/2011
2011-12-14
GUELPH, Ont. -- Trucknews.com has learned MacKinnon Transport has filed a Notice of Intention (NOI) under the Bankruptcy and Insolvency Act in order to restructure the company.
Meanwhile, Laidlaw Van LP has purchased the van division of MacKinnon Transport, according to a notice sent to drivers from Alex MacKinnon, senior vice-president, finance and administration.
In a message to driving staff yesterday, MacKinnon said: "Let me stress that this is NOT a bankruptcy of Mackinnon Transport, we have a NOI to make a proposal which offers creditor protection strategy, that will provide the time and stability necessary to complete financial restructuring, which will make MacKinnon Transport a stronger industry competitor with a renewed financial outlook." - 12/14/2011